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The US has expanded sanctions against Russia, leading to a significant drop in the ruble exchange rate. The Moscow Stock Exchange and major Russian banks are facing severe impacts, with shares plummeting and websites going offline. Panic and bank runs are evident as customers line up to withdraw money amid the economic turmoil.
Russia is holding off on dollar and euro trading altogether after a new round of sanctions kicks in. https://t.co/gVTxsjXsXV
Russian Economy Forced into China Pivot after Sanctions Bombshell (Newsweek) Moscow's economic ties with Beijing have tightened even more after Russia's Central Bank announced the yuan-ruble exchange rate will become a benchmark for other currency pairs. The bank's statement on… https://t.co/SYW0dxqUAd
Russia adopts Chinese yuan-to-ruble as benchmark exchange rate after US sanctions force a further move away from the dollar https://t.co/2fWyhk5DQr