Ordinary Russians are feeling the crunch of sanctionspublished at 05:03 Greenwich Mean Time 1 March 2022
Ordinary Russian people are already feeling the hit of Western sanctions targeting their banks, which is making it harder for them to acess money.
Here are some everyday ways it's affected people, according to Russian locals who spoke with the BBC:
- People can't afford mortgage repayments after interest rates doubled on Monday to 20%
- People have lost payment methods because their banks have been cut off from Visa and Mastercard, and subsequently Apple Pay and Google Pay
- People are scrambling to get US dollars out - leading to scenes of long queues at ATMs
- "When the operation in Donbas started I went to the ATM and withdrew the savings I had in Sberbank in dollars. Now I literally keep them under my pillow," said one man in his 30s in Moscow
- At the start of 2022 one dollar traded for about 75 roubles and a euro for 80. But the war has helped set new records - at one point on Monday a dollar cost 113 roubles and a euro, 127.