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dyna mo · 03-11-2015, 11:25 AM

What’s Been the Effect of Western Sanctions on Russia? | Putin's Way | FRONTLINE | PBS

What has been the impact on the Russian public so far?

The big impact is that the prices of buckwheat have increased as much as 70 percent. Basic food stuff has increased sharply. We?re seeing consumer panic in Russia because of the falling exchange rate. And the falling exchange rate is mainly because of the oil prices, but it?s also the financial sanctions. People are fearful of the situation and we?re seeing that the exchange rate is jumping up and down. It?s moving either way every so often by 5 percent in a day. The worst we?ve seen is it has gone down by 10 percent in a day.

03-11-2015, 11:25 AM
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 63,941	What’s Been the Effect of Western Sanctions on Russia? \| Putin's Way \| FRONTLINE \| PBS What has been the impact on the Russian public so far? The big impact is that the prices of buckwheat have increased as much as 70 percent. Basic food stuff has increased sharply. We?re seeing consumer panic in Russia because of the falling exchange rate. And the falling exchange rate is mainly because of the oil prices, but it?s also the financial sanctions. People are fearful of the situation and we?re seeing that the exchange rate is jumping up and down. It?s moving either way every so often by 5 percent in a day. The worst we?ve seen is it has gone down by 10 percent in a day.