Russian Citizens Respond To Sanctions
The ruble decline has resulted in an operate on Russian banks and eagerness for Russian residents to transform rubles to dollars and euros to maintain the value of their savings. Russians have hurried to their banks to draw out currency while they can and prior to limitations are placed on bank withdrawals, as taken place in other nations with banking crises.
Since March 4, 2022, the ruble has sunk to a low of USD 0.0081– a ruble is worth less than one cent.
Video produced by France24
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One Russian revealed concern that the Russian sanctions would push Russia “back to the stone age”. While some rates have not yet skyrocketed in Russia, the base interest rate was raised by Russias central bank to 20% from 9.5% and Russian export companies were bought to offer their foreign currency and use it to buy rubles, in an attempt to support the worth of Russias currency.
Russian homeowners respond to sanctions and the current situation in Ukraine:
There appears to be no support for the invasion of Ukraine by the Russian people talked to in this video, and certainty that the economic sanctions versus Russia will have a disastrous effect on the Russian economy.
Bear in mind that many Russians have good friends and relatives in Ukraine and in many ways, this has similarities to a civil war, in which there are buddies and loved ones on each side of the dispute.
