Russia Economy In Collapse As Ruble Sinks, Interest Rates Double

Countries across the world are wreaking havoc on Russia's economy, cutting the country off from the rest of the economic would in response to Russian President Vladimir Putin's invasion of Ukraine. Steve Rattner discusses the impact these sanctions will have not only on the Russian economy, but on the rest of the economic world. 

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Russia Economy In Collapse As Ruble Sinks, Interest Rates Double

[bobmorey]

That the Swiss would participate in sanctioning Russia is a big deal, for a country whose position has consistently been "Leave us alone, we don't take sides."

[donnewton]

When Switzerland says you're doing something wrong, you should probably think about it.

[Zarzar]

Switzerland takes a side, and Germany increases military spending. That's how you know this is big. Unheard of from both in any recent times

[FurryDanOriginal]

As a swiss citizen I never expected to hear this regarding our neutrality. But I am extremely happy that they decided to go this way.

[AlexanderTkachuk]

I am overwhelmed with emotions to hear how the world supports us. Together we can stop Russia.

[kellypaws]

So, invading an innocent country without provocation may actually have a consequence? Something DOES still matter in 2022? I'm slightly hopeful.

[johnbrown]

He will have to answer to the Russian people sooner or later. That’s fair because to many Russians have stood by and let Putin run wild. Now the world has to deal with him.

[Tadicuslegion]

EU: We will freeze Russian assets
Putin: *yawn*
Switzerland: We will freeze Russian assets
Putin: *nervous sweating*

[booyabooya]

That didn’t last long 😂😂😂 the ruble is now 25% stronger against the dollar than it was in February

[BFDT-]

When Switzerland shuts the door, that's important.

Mountains do not prevent aggression over Bern, Zürich and Lucerne. So, Switzerland is getting serious here.

[ben]

If we can stop a murderous dictator for a bit more energy costs I’m more than willing to pay. Long live Ukraine

[andreasarnoalthofsobottka]

Switzerland picking sides is like Germany sending arms of war to a warzone: unheard of.

[dangrass]

so happy to see the civilized world declaring and end to the BS.

[mayalunics]

Putin better take this "L" now while he can still salvage this disaster before it becomes irreversible.

[LennyLaserdisk]

Still waiting on MSNBC’s update on the Ruble!

[deborahmorales]

If only there was a singular courageous Russian with a weapon to end Putin’s reign of terror.

[OlyOly-uhik]

I am okay to pay more for energy if trade embargo is imposed on Russia.

[skytrailwarrior]

What a sound analysis. Better than any comedy show.

[drd]

Russia's $600B in reserves should be forfeited rather than frozen and used to pay for damage in Ukraine.

[obamanyoutubetookmychannel]

Prayers for the people of Ukraine, you didn’t do anything to deserve this reckless behavior of Vladimir Putin.
If you don’t stand up to this brutal dictator Vladimir Putin, you will suffer under this dictator.fight the Russia Army.