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Articles on Russian central bank

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Russians in Moscow and elsewhere flocked to ATMs to withdraw cash, fearful that the ruble will plunge further due to Western sanctions. AP Photo/Victor Berzkin

US-EU sanctions will pummel the Russian economy – two experts explain why they are likely to stick and sting

By working with allies, the Biden administration has been able to place severe sanctions on Russia – including targeting Putin’s inner circle and banning banks from SWIFT.

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