Russia-Ukraine War | Cap On Withdrawal Of Forex In Russia

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Russia-Ukraine War | Cap On Withdrawal Of Forex In Russia

Updated Mar 2, 2022 | 07:08 PM ISTAmidst countries imposing sanctions on Russia, President Putin has issued a decree; limiting the withdrawal of forei

Amidst countries imposing sanctions on Russia, President Putin has issued a decree; limiting the withdrawal of foreign currency for its citizens up to 10,000 US dollars. This comes after the world community deprived Russia of at least half of the central bank reserves due to the war unleashed against Ukraine. Meanwhile, it’s not just countries imposing strict sanctions against Russia. Big corporate brands such as Apple, Ford, Google, etc., have also announced snapping their ties with Russia after the latter refused to scale down from its offensive. Energy giants Orsted and Enel have also cut their ties with Russia. Watch this video to know more!

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