Sanctions by the governments of Japan, the United States, and Europe to freeze the assets of the Russian central bank will have a rather large impact.
The exclusion of Russia's major banks from the international financial system, the Society for Worldwide Interbank Financial Telecommunications (SWIFT), triggered a sharp decline in the Ruble.
What kind of economic and financial crisis will occur globally in the future?
This time, I would like tentatively to share the insights of an expert along with his article of Diamond Online posted on March 8.
1. A sharp decline in the Russian ruble. Social and economic turmoil, growing public discontent.
Fighting between Russian and Ukrainian forces in Ukraine continues, and the global political, economic, and security systems are changing rapidly.
Criticism of Russian President Vladimir Putin is growing worldwide, and economic and financial sanctions against Russia by the United States and major European countries have been considerably strengthened.
Among other things, sanctions by the governments of Japan, the U.S., and Europe to freeze the assets of Russia's central bank will have a fairly large impact.
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