Russian rubles. File photoMOSCOW, 6 Aug. The strengthening of the ruble against the euro has become a «headache» for Western banks, Bloomberg writes. The publication notes that foreign companies that left Russia suffer huge losses. Johann Strobl, chief executive of the Austrian Raiffeisen Bank, told how his bank's profit is growing against the backdrop of the ruble strengthening , but for those who decided to liquidate their business in Russia, the strong Russian currency became a «headache». Companies that decided to immediately leave Russia after the start of a special operation to demilitarize and denazify Ukraine suffered serious losses. In particular, the French credit bank Societe Generale SA confirmed that in the second quarter its pre-tax losses due to withdrawal amounted to 3.3 billion euros. />The head of the Ministry of Finance called the dollar and the euro «toxic» for RussiaEarlier, the British magazine Economist wrote that the Russian economy remains stable, despite the «unprecedented sanctions» imposed against it. The head of EU diplomacy, Josep Borrell, in turn, also admitted that the Russian ruble resists sanctions well. After the start of a special operation to protect Donbass from Ukrainian nationalists, the United States, the European Union and Great Britain imposed sanctions against Moscow. Many states have announced the freezing of Russian assets, and calls to abandon energy carriers have become louder. These measures dealt a serious blow to the West — they provoked a fuel crisis and led to an increase in food prices. Vladimir Putin said that the policy of containing and weakening the country is a long-term strategy for the West, and the sanctions dealt a serious blow to the entire global economy. read the version of the material on INOSMI >>>
