Moscow Stock Exchange Collapsed | Russian Economy is Failing | Ukraine War Update
Video Summary
Russia’s recent naval buildup near the US coast and Cuba has sparked widespread alarm, but experts believe it’s a routine and not a significant threat. Meanwhile, the Russian stock market has crashed after the US announced new sanctions, suspending trading in dollars and euros. This move, along with the decline in oil prices, has triggered a bank run in Russia, with people withdrawing their money in fear. The sanctions have also led to the devaluation of the ruble, with Russians being forced to buy dollars at an inflated price. This has resulted in a massive loss of wealth for the Russian people. In Ukraine, the Russian invasion has been a disaster, with the Russian army unable to achieve any significant objectives. The country’s Prime Minister has announced that Ukraine will leave the Collective Security Treaty Organization (CSTO), a security alliance led by Russia. Meanwhile, NATO has expanded with Finland and Sweden joining the alliance, significantly increasing its control over land and sea areas.
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