Mastodawn

Luís de Sousa Jun 14, 2024

Capital Markets in #Russia are off-line. After stopping trade in US #Dollar and #Euro a fortnight ago, the #MoscowExchange shut down earlier today. At present the web page of the Russian National Clearing Centre is unreachable.

This could either be the result of a cyber-attack, or a massive liquidity crunch. Your good old "run on the banks". Considering the recent sanctions imposed by the US, the latter seems more likely.

https://eutoday.net/new-u-s-sanctions-on-russias-financial-system/

New U.S. Sanctions Sever Russia's Ties to Global Financial System - https://eutoday.net

The United States has imposed significant new sanctions on the Russian Federation, aimed at severely limiting the capabilities of the Russian economy.

https://eutoday.net

joe•iuculano

Jun 12, 2024

Via #JasonJaySmart

RUBLE IS COLLAPSING

⚡️⚡️⚡️ In #StPetersburg, #Russia, lines are forming at money changers after the news broke about the new US #sanctions that caused the suspension of #currency trading on the #MoscowExchange.

👉 The #Ruble is going bust!!

#GloryToUkraine #SlavaUkraini