3min chapter

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Companies are dropping out of Russia | Learn the English expression ‘take it upon yourself’

Plain English

CHAPTER

The Second Wave of Financial Sanctions Against the Russian Economy

Western countries have launched a coordinated effort to cut russia's economy off from the world. Financial sanctions punish banks and other companies for doing business with prohibited entities in sanctioned countries. Legally speaking, though, most companies are still free to operate in rUSSIA as long as they don't do business with specially sanctioned individuals. But businesses around the world have taken it upon themselves to stop doing business in r Russia anyway. This is adding up to a second wave of sanctions against the russian economy. And it's these voluntary measures that will hit ordinary russians.

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