The main plank of the global action led by the US and EU nations against what they call Russia’s war crimes, is that of economic and financial sanctions. The purpose of such sanctions, is to isolate Russia from the world economy and thus cripple the Russian economy, as the cost for being a blatant aggressor. These sanctions at present include freezing the forex reserves of $630bn of the Russian central bank with banks abroad, banning any transanction with Russia in the US dollar, British pound and the Euro thus disabling its international trade, freezing the assets/travel/transactions of specified Russians and their companies, which include Putin and his foreign minister and the oligarchs close to him, blocking many Russian banks from the SWIFT messaging system which is considered to be the backbone of international finance and blocking airspace of nations, to prevent the flight of any Russia aircraft. These sanctions are huge, unprecedented and already far tougher than those imposed ever before on any nation.
#Russia #Ukraine #Rouble #Rupee #US #EU
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