The Russian currency sinks to a record low against the dollar after Western countries impose new sanctions.
Highlights
- The Russian currency sinks to a record low against the dollar after Western countries impose new sanctions.
- “People are a lot more fearful.
- There is already talk about some companies having to go on reduced working hours, or even suspend production because they’re not able to access maybe key parts from the West due to sanctions or due to trade limitations, so there’s a great deal of concern on the street,” says Alex Politkovkovsky, a former Russian minister of state TV personality.
- Politkovsky: “There’s a lot of concern about the fact that some companies may have to suspend production or reduce working hours due to the restrictions on key parts of the West”