Get all your news in one place.
100's of premium titles.
One app.
Start reading
The New Daily
The New Daily
World
Matthew Elmas

‘Financial tailspin’: Russia scrambles to contain sanction fallout as Ruble plunges

Russians are lining up to withdraw their savings as the Ruble plunges in response to western sanctions. Photo: Getty

The global economy has been hit by the largest disruption since COVID-19 as Russia scrambles to contain the fallout from western sanctions.

A coalition of nations led by the US and Europe have frozen Kremlin-linked assets, banned transactions with many Russian companies, and excluded Russian banks from key parts of the western financial system in the past week after Moscow ordered a full-scale invasion of Ukraine.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.