The sanctions on Russia are intended to signal that the West is unified in supporting Ukraine and limit the Kremlin’s ability to supply its war by reducing national resources and crippling foreign trade. They are achieving their objectives in a long run.
includes a list of some 1,100 private businesses that voluntarily pulled out of Russia in solidarity with Ukraine.
A one hundred rubles banknote is pictured in front of a one US dollar banknote. April 25, 2022. Russia's currency went down and up again since Russia's war in Ukraine and intensified Western sanctions. Simply put, if you live in Russia right now, there is no legal way for you to obtain dollars. You can’t access dollar deposit accounts; you can’t buy dollars from the bank... And you can see the trading volume has plummeted across the ruble, showing that there’s a heavy premium being paid on the black market.”
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