Russia Sanctions Fallout: Inflation, Black Marketing Rise, Payments Fail
NDTV
Ukraine War: The Russian central bank in recent days took unprecedented measures, including capital controls, to shore up the struggling economy and the currency.
Black market fears, problems with online payments and the looming spectre of inflation -- Russian officials are scrambling to deal with the effects of sanctions imposed on Russia over its military intervention in Ukraine.
On the streets of Moscow, there is little sign of panic -- restaurants are open and busy during an extended state holiday that will last through March 8 when the country marks International Women's Day.
But at ministries and banks, there is growing concern over economic fallout that has seen giant international companies flee Russia and questions raised over the health of the banking sector.
The central bank in recent days has taken unprecedented measures, including capital controls, to shore up the struggling economy and Russia's ruble.
