Russia's Economy Worsens, Ukraine Claims Opposite
As reported, Western countries, the European Union, and even Japan and Taiwan have imposed economic sanctions against Russia.
This unprecedented tsunami of sanctions has forced Putin to pay a heavy price.
The country's stocks and currency slumped last week after Putin's earlier decision to order troops into eastern Ukraine.
On Thursday, Russia's main MOEX index closed down 33 percent, while the ruble slumped to a record low, down 7 percent against the US dollar.
One of the latest sanctions for Russia is the removal from the international interbank payment system (SWIFT). This step has made the country's banking system isolated from the international system.
SWIFT is used by most international payment and remittance transactions. (dil/mcr20/jpnn)
This news has been broadcast on JPNN.com with the title: Ekonomi Rusia Memburuk, Kondisi Ukraina Berbanding Terbalik
Russia is now facing extreme economic challenges following sanctions by a number of countries.
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