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Moscow braces for market meltdown Monday as new sanctions hit

Russian currency expected to plunge in first day’s trading since Swift ban and ECB says state-owned Sberbank subsidiaries are set to collapse

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Russian currency expected to plunge in first day’s trading since Swift ban and ECB says state-owned Sberbank subsidiaries are set to collapse

Highlights

  • The U.S.
  • and European Union announced unprecedented sanctions over the weekend.
  • “There are no available measures with a realistic chance of restoring this.
  • position at group level and in each of its subsidiaries within the.
  • subsidiaries,” the company said in a statement.
  • ‘I think for one of the largest.