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Ukraine war: Western sanctions increased the difficulties of common man in Russia, know what was the effect in daily life..

Let us know how the daily life of Russia has been affected after the start of the Ukraine crisis.

Prices of edible oil, China and other essentials increased: After the announcement of the restrictions, consumer prices have increased by 2.2 percent. According to the BBC report, shops in the capital Moscow and other cities are banning the sale of medicines and other essential goods after complaints of hoarding.
The ruble (Russian currency) is declining since the start of the war The European Union’s John said that the groceries he ordered on February 20 for 5,500 rubles now cost 8,000 rubles. Sugar prices have also risen by up to 20 per cent.

Smartphones and Laptops Prices: The restrictions have had an impact on the supply. According to the BBC, the prices of smartphones and TVs have increased by more than 10 percent. Other major brands such as Nike, Apple and Ikea are no longer selling their products in Russia.

Impact on the banking system: Russia’s financial institutions have been removed from the SWIFT international payment system, making financial transactions to and from Russia difficult. Apple, Google Pay, MasterCard, Visa and others have also limited their services in Russia.

Spending more money on clothing and food: Russian bank Promsvyaz has said that after sanctions, Russia is in a hurry to buy electronics and pharmaceutical items. In the first week of March, more amount has to be spent for buying clothes and food face as compared to February. Spending on electronic goods has increased by 40 percent.

in russia annual inflation rate, On March 4, it reached 10.42%. According to the Finance Ministry, it was 9.05 percent on 25 February.

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