Carole Ferry, edited by Juline Garnier 5:45 p.m., March 01, 2022

Even before the implementation of the sanctions decided against Russia by the Europeans, the Russian economy is faltering.

Prices are collapsing and the ruble has already lost more than 20% of its value against the dollar.

A general atmosphere which arouses the concern of Moscow savers. 

First sanctions already heavy with consequences.

In response to the Russian offensive in Ukraine, Westerners have organized themselves to hit the heart of the Russian economy with a package of sanctions.

The threat of freezing the reserves of the central bank of Russia as well as the disconnection of some Russian banks from Swift messaging, have sown a wave of panic in Moscow. 

One of the first impacts of these sanctions is symbolic: the Moscow Stock Exchange is closed until further notice.

Prices collapsed on Monday under the threat of European sanctions.

The ruble then collapsed to historic levels against the dollar and the euro.

Everything the Russians import now costs more, and the cost of living is rising, causing concern among savers. 

Russian bank Sberbank on the brink of bankruptcy

They began to withdraw their savings from the bank.

Same phenomenon in the European subsidiaries of the Russian bank Sberbank.

Result: it is now on the verge of bankruptcy.

Too many funds have gone out all at once and the bank is having too much trouble refinancing itself.

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British Prime Minister Boris Johnson has signaled Western determination to impose sanctions for as long as necessary.

They might even get stronger. 

Ukrainian President Volodymyr Zelensky has called on the international community to bar Russian ships from entering ports, which London did on Tuesday morning.

According to our information, the possibility is also being studied in France, but it has not yet been decided.

Bruno Le Maire, French Minister of Economy has also reaffirmed on "France Info" his desire to "cause the collapse of the Russian economy", still in response to the invasion of Russia in Ukraine.