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Russia-Ukraine Conflict: Some Moscow residents brace for rough ride as sanctions bite

The Russian rouble plunged 18% against the U.S. dollar on Monday and the central bank more than doubled its key rate to 20% in an emergency move after the West imposed unprecedented sanctions on Moscow over the weekend.

February 28, 2022 / 10:29 PM IST
At the train station in Lviv on February 27, the lucky were able to board a train bound for Chop on the border with Hungary. Others had to wait to see if another train would arrive. (Image: AP)

At the train station in Lviv on February 27, the lucky were able to board a train bound for Chop on the border with Hungary. Others had to wait to see if another train would arrive. (Image: AP)

Some Moscow residents said they were yet to feel the effects of sweeping Western sanctions against Russia for its invasion of neighbouring Ukraine, while others were bracing for a grim economic downturn ahead.

The Russian rouble plunged 18% against the US dollar on Monday and the central bank more than doubled its key rate to 20% in an emergency move after the West imposed unprecedented sanctions on Moscow over the weekend.

"The economic situation here will get a lot worse. This is inevitable in the circumstances," said Anastasiya. "But it's still incomparable with the losses of people in Ukraine who are dying in their homes through the fault of our forces."

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