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Russia imposes temporary ban on foreign investors as sanctions hit financial system
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Russia sifted through the financial wreckage caused by Western sanctions, as its stock market remained closed and the government announced new measures to try to limit the damage to the economy.
Sanctions imposed by the US and European nations in recent days have cut major Russian banks’ access to the dollar and other reserve currencies and will soon sever some of the lenders from the Swift global-payments messaging system.
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