Joe Biden, President of the United States announced a series of sanctions against Russia after it initiated military action against Ukraine.

“We will limit Russia’s ability to do business in dollars and pounds and to be part of the world economy. Putin chose this war and now he and his country will suffer the consequences,” the president said.

Biden added that these actions are also being supported by the 27 members of the European Union and the group of countries that make up the G7.

“This is a dangerous moment for Europe and for the freedom of the whole world. Putin’s aggression will have an economic and strategic cost,” said Biden.

The president spoke about the rest of the measures that will be applied, where he pointed out that they are going to limit the capacity of their army. “We will impose barriers so that they cannot compete in the technological life of the 21st century. Today the ruble has sunk. We have cut off access to the largest bank in Russia, which has a huge amount of banking assets. We have blocked four banks.”

K. Tovar

Source: CNN

La entrada Biden announces sanctions against Russia apareció primero en Bitfinance.

The two main selective of the Moscow Stock Exchange fell around 30 % after Russia began a military operation in Ukraine with the aim of demilitarizing and “denazifying” the country, according to Russian President Vladimir Putin.

The Moex index, denominated in rubles, has experienced a fall of 36.3 %, to stand at 1,965.19 points, compared to 3,084.74 integers at which it had closed on Wednesday. Since its highs in the past year, the index has plunged 54 %.

The other great selective of the Russian parquet, the RTS, denominated in dollars, plummeted 41.13 % in the first hours of trading, to 708.86 integers. On Wednesday, the selection had closed at 1,204.11 points. Since its highs in the last year, this index has accumulated a drop of 63 %.

The value of the ruble continues to decline, as in recent weeks. The euro has strengthened by 6.4 %, while the dollar has strengthened by 6.82 %. In this way, the European currency is exchanged in the markets for 97.75 rubles, while the ‘green ticket’ is traded for 86.68 rubles.

K. Tovar

Source: La informacion

La entrada Moscow stock market falls 30 % after attack on Ukraine apareció primero en Bitfinance.