Home » Russia is already experiencing economic difficulties due to escalation on the border with Ukraine — US State Department

Russia is already experiencing economic difficulties due to escalation on the border with Ukraine — US State Department

by alex

Россия уже испытывает экономические трудности из-за эскалации на границе с Украиной — Госдеп США

The Russian ruble has fallen to its lowest level, and the stock market has collapsed.

The United States believes that Russia has already faced economic difficulties due to the situation around Ukraine and predicts an even greater decline in the Russian economy in the event of an invasion of our country.

This was announced by State Department spokesman Ned Price during a briefing broadcast on the department’s Twitter page.

According to him, not only the United States and Western countries react to the threat of a military invasion of Ukraine by Russian troops, warning “of an imminent, tough and unified response,” but also financial markets.

“The Russian ruble has recently fallen to its lowest level in more than a year compared to the dollar… The Russian stock market has fallen to its lowest level in a year,” the State Department representative said.

Ned Price stressed that market players also understand that “what we are seeing now is nothing compared to what awaits the Russian Federation, the Russian economy, if a Russian invasion occurs.”

Recall that during trading on the stock market on Tuesday, January 18, the Moscow Stock Exchange index updated its minimum since the beginning of the pandemic. The US dollar exchange rate exceeded 76.7 Russian rubles.

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