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Russian Financial Sanctions and Their Impact on the Global Economyby@brianwallace
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Russian Financial Sanctions and Their Impact on the Global Economy

by Brian Wallace2mMay 24th, 2022
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Since Russia invaded Ukraine in February of 2022, the US and other countries have all issued massive sanctions against Russia in an attempt to pressure the Kremlin to draw back and end the war. The US banned all Russian oil and natural gas imports and removed Russia from SWIFT, which allows cross-border trading. Inflation is skyrocketing and we’re experiencing the fallout at the gas pump, in the grocery store, and virtually everywhere else that we do business. As Russian citizens began to be concerned about their economy and the decreasing value of the ruble, many of them began to purchase gold.

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Founder @ NowSourcing | Contributor at Hackernoon | Advisor: Google Small Biz, SXSW

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Brian Wallace@brianwallace
Founder @ NowSourcing | Contributor at Hackernoon | Advisor: Google Small Biz, SXSW

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