Hyperinflation Could Be Coming to Russia

Hyperinflation Could Be Coming to Russia
(AP Photo/Pavel Golovkin)

The economic retaliation against Russia for invading Ukraine is starting to shape up. The United States announced on Feb. 24 that along with Canada, the United Kingdom and the European Union, it would impose a variety of sanctions against Russia. Russian President Vladimir Putin, Foreign Minister Sergey Lavrov, Defense Minister Sergei Shoigu, military chief Valery Gerasimov and hundreds of members of the Russian parliament and Security Council, as well as a variety of businessmen and oligarchs, have been put on an asset freeze and travel ban list.

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