Russia Ukraine Conflict: The Effect Of Sanctions On Russia
Russia Ukraine Conflict: The effect of sanctions on Russia, the ruble continues to fall, did SWIFT do more damage?
Russia’s attack on Ukraine continues. Due to these attacks, Western countries have imposed many types of sanctions on Russia.
The effect of these sanctions is being seen on the economy of Russia. Actually, Russia’s currency ruble has once again fallen drastically. Russia’s currency has come to a record level.
US State Department spokesman Ned Price said that we are looking at the impact of sanctions on Russia. The ruble is declining significantly.
Price said the ruble is now worth less than a cent. He further said that Russia’s stock market is also closed till March 5.
The sanctions have not had the same effect on Russia as they have on pulling it out of the SWIFT system.
Russia has been separated from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) following the attack on Ukraine. It is believed that Russia has suffered the most due to this.
How does Swift work?
Banks use SWIFT to send messages to transfer funds among themselves, send money to customers, and trade properties.
About 11 thousand financial institutions in more than two hundred countries of the world use this system.
According to the national association RosSwift, Russia is the second-largest consumer of Swift in the world after the US.
The world’s largest cargo plane Antonov N-225 Mriya was destroyed in Russian shelling, know what is its specialty.
The world’s largest cargo plane Antonov N-225 Mriya has been destroyed in Russian shelling. This information has been given on the official Twitter handle of Ukraine.
It said that this plane standing in the airfield near Kyiv has been destroyed in Russian shelling. Ukraine has also said that it will repair this plane and make it perfect and fulfill its dreams.
In this tweet, it has been said to maintain the respect of Ukraine as a democratic country.
However, on this claim of Ukraine, the aircraft manufacturing company Antonov has said that it cannot say anything about the destruction of this aircraft at the moment.
The company has said in its statement that it does not know what is the status of this aircraft.
According to an estimate, the repair of this aircraft will cost about three billion dollars.
Ukraine’s Foreign Minister Dmitro Kuleba has also expressed grief over the destruction of this plane in the bombing.
In his tweet, he has written that this was the world’s largest plane, Maria, whose name means dream.
In this, he further wrote that Russia may have destroyed it, but it will never be able to destroy the dream of our democratic European state, Ukraine will remain a strong and independent nation.
Russia will not destroy our dream and we will prevail. The specialty of this world’s largest aircraft can also be gauged from the fact that it had come to India only once.
It landed at the Shamsabad International Airport in Hyderabad for the first and last time in the year 2016 and was accorded a warm welcome with a water cannon salute.
