Latest sanctions will be harder on average Russians

  • Home
  • Economy
  • Latest sanctions will be harder on average Russians

Subscribe to The Daily Money newsletter. Come for our roundup of each day’s top stories from USA TODAY Money. Stay for the pop-culture references and financial news-inspired playlist.

Welcome to March and happy National Pancake Day, Daily Money readers. Jayme Deerwester, here with you again, telling you to warm your syrup before putting it on your short stack. Why on earth would you put cold or room-temperature syrup on hot, delicious pancakes?!? That’s just wrong.

🗞 News you should know 🗞

Russians lined up at ATMs on Monday, preparing themselves for higher prices and more economic turmoil after the U.S. and Europe imposed more economic sanctions on their country over the weekend.

Russia’s central bank sharply raised its key interest rate to 20% from 9.5% in a desperate attempt to shore up the ruble and prevent a run on banks. It also said the Moscow stock exchange would remain closed. The sanctions are affecting about 70% of Russian banks, including the top two: Sberbank and VTB, says Paul Christopher, head of global market strategy for the Wells Fargo Investment Institute.

Source link

Leave A Comment

Chinese (Simplified)EnglishFrenchItalianPortugueseRussianSpanish