UK’s Treasury Committee: Sanctions pushing Russia towards economic catastrophe UnitedKingdom Ukraine GBPUSD FiscalPolicy
estrictions placed on Russia’s central bank are particularly effective, a report on the measures by the cross-party Treasury Committee showed on Wednesday.“Russia faces both a significant hit to the size of its economy and significant inflation.”
“This war will also have economic consequences here at home, and while these are worth bearing to support Ukraine in their fight for freedom, it’s becoming increasingly clear that the Government will need to support those who are hit hardest.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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