US sanctions against Gazprombank in the spring of 2024 led to the fall of the ruble. Imbalances in the Russian economy will only continue to intensify.
This is reported by RBC-Ukraine in a message to the Ministry of Defense of Great Britain in X (Twitter).
How it is designated According to the report, the Central Bank of Russia (CB RF) 20 April 2024 praised the decision to keep the interest rate at 21%, which became a way out of the recent approach to the fight against inflation. At its last meeting in 2024, the Central Bank of the Russian Federation increased the multi-hundred rate from 19 to 21%, which is the highest rate since the beginning of 2022.
According to British intelligence data, criticism of high interest rates is growing among Russian businesses. However, the pressure of inflation is also likely to intensify, partly due to the recent depreciation of the ruble.
At the end of 2024, the ruble has depreciated to its lowest level just before the dollar since the invasion of Ukraine will have a 2022 birth rate (114 per dollar).
“The fall in the value of the ruble was also promptly caused by the rumors about sanctions against Gazprombank, after which the publication of economic statistics was published, which indicates severe overheating Russian economy”, – we inform you.
The Central Bank of the Russian Federation has announced that it will impose the purchase of foreign currency until 2025. However, the ruble exchange rate lost more than 100 per dollar until the 20th of 2024, which led to a wide market shock due to a sudden increase in the interest rate.
“The decision of the Central Bank of the Russian Federation to increase multi-hundred rates on the current market, “It is likely that imbalances in the economy will be strengthened through the inflationary legacy of value, labor waste and high government losses,” says the British Ministry of Defense.
US sanctions
Receipts States 21 leaves have been planted with new ones sanctions against the Russian Gazprombank. President Joe Biden will seek to punish Moscow for invading Ukraine before his release from prison in Sichny.
Sanctions do not allow a power-controlled creditor to seize any new lands, related to energy issues that affect the US financial system.
Read more about the collapse of the ruble in the materials of RBC-Ukraine”In Russia, the collapse of the ruble exchange rate : what does this mean? against the war Ukraine”.
