Vladimir Putin Britain Russia city Columbia, Britain city Moscow Ukraine economy Government reports Vladimir Putin Britain Russia city Columbia, Britain city Moscow Ukraine

Russia’s economy has avoided collapse so far, but trouble is looming. Here’s why

Reading now: 220
globalnews.ca

Russia’s economy has averted a devastating collapse so far despite unprecedented sanctions sparked by the war in Ukraine, allowing Vladimir Putin to rally his people against the West and in support of his invasion.Yet experts — and even top Russian officials — say trouble is right around the corner.

Reserves that have propped up the economy to this point are starting to run out, and Moscow’s mayor is warning of mass job losses.

The head of Russia’s central bank said this week that the impacts of existing and future sanctions are about to be felt in “the real economy” soon.“It’s largely an artificial propping up of the economy that’s taken place” up to this point, said Lisa Sundstrom, a political science professor at the University of British Columbia who studies Russia.“The question now is, how long can this continue?”After Western nations announced their first rounds of economic sanctions in the days after Russia invaded Ukraine on Feb.

24, the Russian ruble lost nearly half its value and stock markets were closed for the first month of the war to avoid a crash.Two months later, the ruble has largely recovered, becoming the best-performing currency globally in March.

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Paige Turley - Finley Tapp - Winter Love-Island - Love Island's Paige Turley gives health update as she shares snap from hospital bed - dailystar.co.uk - city Manchester
dailystar.co.uk
51%
436
Love Island's Paige Turley gives health update as she shares snap from hospital bed
Love Island's Paige Turley and Finley Tapp with questions after they failed to post for a few days.Paige's last photo saw her in attendance of the Pride of Manchester Awards as she joined Finley Tapp to celebrate the locals in the area - but after that, on May 11, it's been radio silent.Paige's followers were quick to message the star to question whether she was okay, and after a few days she has now been able to give an update.She wrote: "Had a few messages asking if everything is ok as we have been a little quiet on socials this week..."Just a little update, I had to go in for v minor surgery so I'm currently on bed rest while Finn plays nurse bless him."Paige's snap saw her with an alien filter on as she wrote: "Legit how I felt when I woke up," before adding: "Can you hear that??? Just a tiny violin being played."Paige was also wearing a hospital gown as she stuck her thumb up for the selfie.The starlet is yet to share any other information with her followers - but fans are now aware that she's okay and is recovering well.Her last snaps before the social media blackout saw the blonde bombshell don a stunning gold sheer dress and an incredibly glamorous makeup look.Paige opted for a lavish curl as her long blonde hair fell near to her waist as she joined Finn and many other celebrities to give a special mention to all the local heroes.As the star shared her photos, she wrote: "We had such a lovely night at Pride of Manchester celebrating all the local heroes." Paige and Finn have both been big supporters of local heroes and themselves have done a lot of charity work since they were crowned the winners of Winter Love Island 2020.
DMCA