Ukraine-Russia Crisis: An overview of the sanctions imposed on Russia.

An overview of the sanctions/trade restrictions:

The impact on the Russian economy:

The impact on the world economy:

Russia’s response so far:

  1. SWIFT- Society for Worldwide Interbank Financial Telecommunications, is a global network that allows banks to communicate messages relating to money transfer. It has 11000 member banks, and is spread over 200 countries.
  2. Russia is the third largest producer of crude oil in the world. The US and Saudi Arabia are the first two, respectively.
  3. Renminbi is the official currency of China and yuan is a unit of that currency.
  4. The US Dollar, the Euro, and the Japanese Yen are the three most traded currencies globally, in that order.

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