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Russia braces for economic hardship over Ukraine, banks try to assuage clients
Russia's invasion of Ukraine has triggered political-strategic as well as the economic response from the West. In the strongest economic sanctions yet, the United States and Europe have banished big Russian banks from the main global payments system SWIFT. The move appears to be dealing a severe economic blow. Worried Muscovites fear that new western sanctions will trigger shortage of cash and disrupt payment systems.
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