Central Bank Sanctions Are the Most Significant of the Western Sanction Package

Central bank sanctions are the most significant of the entire western sanctions package. The russian central bank cannot defend the value of the rouble, it's fallen by more than forty per cent over the last week. It makes things inside russia much more expensive to imports. And on top of that, like sophy was saying, there's been a huge private sector boico. Some people call this self sanctioning, because it's basically an over reaction by the global business or to the measures announced by the government. But so you have the combined effect of a state coordinated, international, state driven sanctions campaign and a private sector boical or self sanctioning tendency coming together,. making it a