Russians fear sanctions triggered by Putin’s invasion of Ukraine

Russians fear sanctions triggered by Putin’s invasion of Ukraine

Tough sanctions imposed on Russia by western states have reminded citizens of the country’s 1998 debt crisis.

By Anna Nemtsova


  • McDonald’s and other American companies have shut down in Russia in the wake of the invasion of Ukraine.
  • One expert estimates that more than 200,000 Russians have left the country since the war began.
  • To counter the economic turmoil, Putin has demanded that “unfriendly” countries pay for natural gas exports in rubles.

The once-busy corner of central Moscow’s Tverskaya Street looked deserted on Wednesday when Russia’s first McDonald’s franchise – opened in 1990 as a symbol of the Soviet Union’s opening to the West – closed its doors.

A large mural depicting a giant Soviet-era medal — the Order of Victory, the highest military decoration awarded during World War II — loomed over the empty sidewalk.

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