Agency, Moscow.
Published by: Jeet Kumar
Updated Fri, 04 Mar 2022 07:05 AM IST
Summary
The Russians, who are bearing the brunt of the sanctions, say they do not want war and should stop immediately.
After President Vladimir Putin waged war, the effect of tough economic sanctions on Russia is now visible on the common Russian, due to which his life is becoming difficult. In many cities, including the capital Moscow, people are no longer able to use various payment methods from withdrawing cash.
With the prices of commodities rising rapidly, some supermarkets have capped the amount of essential items a person can buy. The Russians, who are bearing the brunt of the sanctions, say they do not want war and should stop immediately.
Russia’s big banks have been taken out of the SWIFT payment system under Western sanctions and have also limited the use of Moscow’s foreign exchange reserves. With these steps, there is a problem in converting the ruble into foreign currency, so there are long queues at ATMs too. Credit cards of many banks have stopped working.
- Irina Biryukova, a resident of Yaroslavl, 250 km from Moscow, said she is now able to deposit only a limited amount of money into her bank account through an ATM. Most of the ATMs are not working at all.
- According to some local traders, the prices of food items have started increasing rapidly across the country. The prices of raw materials for food and drink have gone up by 40 per cent.
- Apple closed, people unable to pay from coffee to bus fare
- Tatyana Usmanova, a resident of Moscow, told that she had been using Apple Pay for a long time but now due to its closure, there are problems in payment from buses, cafes to ration stores.
- Apple announced this week that it would no longer sell the iPhone and related popular products in Russia. Along with this, its payment service Apple Pay has also been stopped.
From clothes-shoes to cars, the supply stoppedDozens of foreign companies have withdrawn from the Russian market. Major carmakers have halted exports of their vehicles, while airplane makers such as Boeing and Airbus have also halted parts supplies to Russia. At the same time, major Hollywood studios are no longer releasing films in Russia.
Many international companies selling clothing and footwear have refused online delivery of their goods. H&M Company also stopped trading.
Shortage in supply of medicine, medical equipment
According to a Russian opposition leader, citizens are facing rising prices, delays in salary-pension payments. People’s jobs are going away. There is also a shortage in the supply of medicines and medical equipment. The 1990s are more or less reminiscent of the disintegration of the Soviet Union.
Expansion
After President Vladimir Putin waged war, the effect of tough economic sanctions on Russia is now visible on the common Russian, due to which his life is becoming difficult. In many cities, including the capital Moscow, people are no longer able to use various payment methods from withdrawing cash.
With the prices of commodities rising rapidly, some supermarkets have capped the amount of essential items a person can buy. The Russians, who are bearing the brunt of the sanctions, say they do not want war and should stop immediately.
Russia’s big banks have been taken out of the SWIFT payment system under Western sanctions and have also limited the use of Moscow’s foreign exchange reserves. With these steps, there is a problem in converting the ruble into foreign currency, so there are long queues at ATMs too. Credit cards of many banks have stopped working.
- Irina Biryukova, a resident of Yaroslavl, 250 km from Moscow, said she is now able to deposit only a limited amount of money into her bank account through an ATM. Most of the ATMs are not working at all.
- According to some local traders, the prices of food items have started increasing rapidly across the country. The prices of raw materials for food and drink have gone up by 40 per cent.
- Apple closed, people unable to pay from coffee to bus fare
- Tatyana Usmanova, a resident of Moscow, told that she had been using Apple Pay for a long time but now due to its closure, there are problems in payment from buses, cafes to ration stores.
- Apple announced this week that it would no longer sell the iPhone and related popular products in Russia. Along with this, its payment service Apple Pay has also been stopped.
From clothes-shoes to cars, the supply stoppedDozens of foreign companies have withdrawn from the Russian market. Major carmakers have halted exports of their vehicles, while airplane makers such as Boeing and Airbus have also halted parts supplies to Russia. At the same time, major Hollywood studios are no longer releasing films in Russia.
Many international companies selling clothing and footwear have refused online delivery of their goods. H&M Company also stopped trading.
Shortage in supply of medicine, medical equipment
According to a Russian opposition leader, citizens are facing rising prices, delays in salary-pension payments. People’s jobs are going away. There is also a shortage in the supply of medicines and medical equipment. The 1990s are more or less reminiscent of the disintegration of the Soviet Union.