The United States and its European allies have agreed to impose the most potentially crippling sanctions yet on Russia for its invasion of Ukraine.
New measures announced on Saturday include restrictions on Russia’s central bank and cutting off some banks from the SWIFT global financial system.
Western officials say the central bank’s actions will likely send the Russian ruble into a tailspin.
And analysts are predicting spiraling inflation and bank runs as a result.
The new measure, pressed as Russian forces move on the Ukrainian capital, could extend the pain of Western sanctions to ordinary Russians far more than previous ones.
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