© 2020 – 2024 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
Image default
News

‘The damage is done’: Russians face economic point of no return

Shoppers and business people express despair and disillusion as sanctions cause run on rouble

  • Russia-Ukraine crisis: live news

As markets opened in a panic on Monday, many Russians rushed to local cashpoints in Moscow to retrieve their savings before the damage got any worse.

“It said they had dollars so I came here immediately,” said Alexei Presnyakov, 32, pointing to an app for Russia’s Tinkoff Bank, indicating he could withdraw hard currency. About 20 people were queued in line. “Yesterday [the rate] was 80 [to the dollar]. Today it’s 100. Or 150.”

Continue reading…

Related posts

Rapid Covid testing across England will help identify symptomless carriers

AEA3

Christian Horner accuser believed to be appealing against inquiry verdict

AEA3

River in ‘wettest place in England’ in Lake District almost completely dry

AEA3