16:19 - 14.03.2022
March 14, Fineko/abc.az. In response to the military actions carried out by Russia in Ukraine, the U.S. and Western countries have imposed a number of restrictions against this country. Russia has faced sanctions before. But this time its economy has encountered numerous restrictions that have no analogues in modern history.
ABC.AZ reports that their impact on the national economy is manifested at different time intervals, depending on the sectors.
Currently, the processes are at an initial stage, and, as expected, the national currency received the first blow.
The Russian economy is currently experiencing a devaluation shock. It is the depreciation of the ruble that affects the entire economy today. The Government has already begun to take preventive measures, using the tools of an administrative ban. Thus, the population is prohibited from making more than $10,000 from foreign currency deposits. At that, individuals and individual entrepreneurs will be able to receive $5,000 in cash only to cover travel expenses abroad. 80% of the currency received from exports is subject to mandatory sale. The ruble continues to depreciate, despite the measures taken by the Bank of Russia and the government to support the national currency.
Thus, the exchange rate of the US dollar against the ruble has already strengthened by 60%. A similar trend is observed with respect to the euro. The ruble is losing value even in relation to the hryvnia. Before the special operation launched by Russia, 2.7 rubles were given for 1 hryvnia, and now - 4 rubles.
