Because of Western sanctions, the Russian central bank can no longer access its foreign currency reserves abroad. 630 billion euros are missing from the cash register – the complete collapse of the ruble can hardly be stopped.
Of course, the Russian population is also affected. From today until September 9, they will not be allowed to buy foreign currency from the bank. If you still have foreign currency in your account, you can withdraw a maximum of 10,000 dollars. The rest is only available in almost worthless rubles. Dollars and euros are already gone at many ATMs.
The Russians hoard food while they still make money. The country is threatened with a doubling of the unemployment rate from almost 5 to 15 percent within a few weeks.
