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Moscow Exchange in Crisis as US Imposes Sanctions! Is a Banking Panic Looming in Russia?
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The US Treasury Department imposed restrictions on the Moscow Exchange and other Russian financial institutions. As a result, shares in the Moscow Exchange collapsed. Some Russian citizens cannot access their accounts. As the Bild writes, these problems undermine Russians' trust in banks. A banking panic is possible in Russia, experts say, when clients start withdrawing money from their accounts en masse. Stay tuned to find out about the new sanctions on Russia, rising inflation, and a dramatic pivot towards China that will reshape the global economic landscape.
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Subscribe to UATV English:
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