Russians are bracing for a dramatic shift in their standard of living
CNN
As Western sanctions take root, Russians are bracing for a dramatic shift in their standard of living as their savings diminish in value and imports of everyday goods are quickly being cut off.
Over the past week, several Western companies have abandoned their Russian operations to avoid running afoul of sanctions. They're also heading off potential PR quagmires that could result from maintaining ties to a country that's increasingly seen as a pariah on the global stage.
On Tuesday, Apple said it had stopped selling all of its products in Russia, following similar moves by car and truck makers including Ford, General Motors, Volvo, Renault and Jaguar. Western oil giants Shell and BP ended joint ventures with Russian counterparts earlier this week. Disney, along with WarnerMedia, CNN's parent company, are pausing the release of films in Russia.
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As Trump imposes sweeping 25% tariffs on steel and aluminum, Mark Carney, leader of Canada’s ruling Liberal Party, told workers at a steel mill in Hamilton, Ontario that the country’s leadership was ready to sit down with the US “under a position where there’s respect for Canadian sovereignty.”