2.28.22 Six Things to Know about Russian Sanctions and SWIFT
After weeks of intense multilateral diplomacy, the U.S., Canada, the European Union, and the U.K. unleashed powerful economic sanctions against Russia over the weekend that have sent its economy reeling. As shown in the LPL Chart of the Day, the Russian ruble has collapsed in response to the economic pressure, just one sign that the sanctions are working.
“The impact of the sanctions has been both immediate and dramatic, and the pressure will only increase over time,” said LPL Financial Asset Allocation Strategist Barry Gilbert. “There may be some broader economic damage from the conflict via more protracted inf
... Read more