Since the day Russia launched its civil war in Ukraine. To end the war, Russia imposed sanctions on Russia, as did the United States, Britain, and europe.Russia spearheaded higher dollar revenues from crude oil and natural gas. In this situation, the United States banned the import of crude oil and natural gas in order to ban Russia's revenue.The United States similarly forced Britain and European countries to ban crude oil and gas imports. Britain gradually reduced its import trade with Russia.But European countries have refused to ban crude oil and gas because European countries import more from Russia.Russia's economy collapsed as Western nations imposed sanctions on Russia. To rectify this, Russian President Putin announced a list of their allies.The list of non-aligned countries includes the United States, the United Kingdom, Canada, Norway, Singapore and Europe. The Russian president announced that it will no longer trade with its allies in ruble currencies, which will take effect in a few weeks.This will greatly affect Europe and its allies, and the value of Russia's ruble.
Comments
Post a Comment