GTCAPITALWEALTH

February 27th, 2022

The Russian Ruble is set up for an inevitable crash on Monday's opening of Russian and other world exchanges as investors seek to dump Russian assets and currency. 

Sanctions previously placed on Russia will render Russian central bank to support the falling of the Ruble in value as well as other financial assets. Sanctions by the U.S, U.K, and several other countries were placed on the Russian banking system as consequences for the recent actions of invasion of Ukraine and attacking innocent people. These sanctions are aimed at crippling the Russian monetary system rendering them unable to maintain their war efforts and economy during their attempt to capture Ukraine. These effects will be seen in the devaluing of the Russian currency, the Ruble, on Monday. 

The USD to Russian Ruble is 83.53 as of Feb 28, 3:02 AM UTC