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Cryptocurrency discussions / What is in store for the Russian economy in the near future?
« on: February 28, 2022, 01:22:35 PM »
Now the entire civilized world has united in an effort to help Ukraine, which since February 24 has been subjected to large-scale military aggression by the Russian Federation. Unprecedented "hellish" sanctions are being introduced against the aggressor country, which in the near future can turn a powerful country into one that will no longer exert its former influence on the world stage.
So, today you can already see the consequences of such sanctions:
- stocks of Russian companies collapsed; as a result, the owners of the largest enterprises lost tens of billions of dollars in a few days.
- soared the dollar; The Russian ruble has become the most unstable (volatile) currency in the world. At the same time, the situation with the exchange rate continues to deteriorate.
- the banking sector suffered. Due to the shutdown of foreign software, the blocking of correspondent accounts and bank assets abroad, large-scale problems began with the banking system.
- investments are curtailed. Russia is turning into a pariah country, with which it is not accepted, and in some cases even forbidden, to cooperate. The aggressor country lost the opportunity not only to attract loans from abroad, but also lost foreign investment.
- due to even a partial shutdown, SWIFT can paralyze the export-import of the Russian Federation for some time.
What will be the forecasts for the state of the Russian economy in the near future and how will this affect the circulation of cryptocurrency in Russia?
So, today you can already see the consequences of such sanctions:
- stocks of Russian companies collapsed; as a result, the owners of the largest enterprises lost tens of billions of dollars in a few days.
- soared the dollar; The Russian ruble has become the most unstable (volatile) currency in the world. At the same time, the situation with the exchange rate continues to deteriorate.
- the banking sector suffered. Due to the shutdown of foreign software, the blocking of correspondent accounts and bank assets abroad, large-scale problems began with the banking system.
- investments are curtailed. Russia is turning into a pariah country, with which it is not accepted, and in some cases even forbidden, to cooperate. The aggressor country lost the opportunity not only to attract loans from abroad, but also lost foreign investment.
- due to even a partial shutdown, SWIFT can paralyze the export-import of the Russian Federation for some time.
What will be the forecasts for the state of the Russian economy in the near future and how will this affect the circulation of cryptocurrency in Russia?