High inflation in Russia due to global sanctions

2 lakh people unemployed due to the closing of companies !

New Delhi – Due to the Russia-Ukraine war, many countries have imposed many sanctions on Russia. Russia had taken precautionary measures not to let these sanctions affect them, but now the sanctions have started showing their effect.

While Russia can claim some symbolic victories, the full impact of Western sanctions nearly two months into the Russian-Ukraine war is starting to be felt in very real ways. https://t.co/RPiYl3JY80

— ABC News (@ABC) April 23, 2022

1. Many companies in Russia are about to close. The Mayor of Moscow has informed that due to the closure of the international companies, about 2 lakh people have become unemployed. The prices of milk, vegetables, sugar, etc. have considerably increased.

2. Russia is facing the highest inflation in the last twenty years. The inflation rate reached 17.3% after 2002.