VOICED : La moneda rusa se desploma a mínimos históricos y la bolsa de Moscú permanece cerrada

VOICED : La moneda rusa se desploma a mínimos históricos y la bolsa de Moscú permanece cerrada

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Business, Social Studies, History

9th - 10th Grade

Hard

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The Russian ruble plummeted to historic lows against the dollar and euro due to Western sanctions following Russia's invasion of Ukraine. The Russian stock market remained closed to prevent a crash. In response, the Russian Central Bank raised its key interest rate to 20%. Western countries imposed severe financial sanctions, including cutting off Russian banks from the SWIFT system. The European Central Bank reported that Sberbank's European branch is near bankruptcy due to significant deposit withdrawals. These sanctions could lead to global inflation, as Russia and Ukraine are key suppliers of oil, gas, and other commodities.

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