Moscow braces for rouble to crash at least 25% as new sanctions hit

[Yo_Mama_Been_Loggin]

Moscow is bracing for economic panic when markets open on Monday morning, with the value of the rouble expected to plummet at least 25% after the US and European Union announced unprecedented sanctions over the weekend.

Those measures targeted the Russian central bank, which has intervened to prop up the value of the rouble following Vladimir Putin’s order to invade Ukraine. They also marked the first time Russian banks have been excluded from the Swift international payments system.

Major Russian banks such as Sberbank and VTB Bank have assured their customers that they will be able to access their rouble deposits and make exchanges into foreign currencies like dollars and euros.

But the European Central Bank said on Monday morning that Sberbank Europe, a fully-owned subsidiary of Sberbank Russia, which in turn is majority owned by the Russian state, is failing or likely to fail along with its Croatian and Slovenian units.

https://www.msn.com/en-us/news/world/moscow-braces-for-rouble-to-crash-at-least-25-as-new-sanctions-hit/ar-AAUnOx5

You own it Pooty Poot.

[qazplm135]

1. already 30

pre open

[StarryNite]

2. The rouble is rubble.

[keithbvadu2]

3. Going to hit the NRA hard

[bahboo]

4. bury them...