IBT Staff Reporter

18481-18510 (out of 154955)

Rouble Set To Dive, Euro Slides After West Steps Up Russia Sanctions

The Russian rouble was set to plunge nearly 30% to all-time lows versus the dollar on Monday, while the euro sank after Western nations announced fresh sanctions to punish Russia for its invasion of Ukraine https://www.reuters.com/world/india/war-with-ukraine-putin-puts-nuclear-deterrence-forces-alert-2022-02-27, including blocking some banks from the SWIFT international payments system.

Putin Forces Germany To Step Up To Role As Global Power

Russian President Vladimir Putin has inadvertently achieved what Western allies have long struggled to: get Germany to step up to its role as a major global power with an assertive foreign policy backed by a strong military despite its World War guilt.

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