Russians feel the economic pain as war grinds on with Ukraine

Monday, February 28, 2022 | Tag Cloud Tags: , , , , , , , , , , , ,

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(Worthy News) – Russian forces pounded civilian apartments in Ukraine and the Kremlin again raised the specter of nuclear war as the first diplomatic talks since the start of Russia’s 5-day-old invasion failed to produce a cease-fire Monday and the Russian economy staggered under a slew of Western economic and financial sanctions.

Russians were feeling the first real blowback from the invasion, even as Ukrainian forces continued to surprise Western military experts with the strength of their resistance and their ability — for now — to keep Kyiv and other major cities out of Russia’s grasp.

The ruble’s value plummeted on world currency exchanges Monday as the U.S. froze Russian central bank assets. Switzerland, whose banks have long been a shelter for Russian oligarch money, broke from its tradition of global neutrality to begin freezing Russian assets. [ Source: Washington Times (Read More…) ]

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