Panos Pictures

Moscow, Russia

People stand in line waiting to use an ATM at a branch of the Tinkoff Bank in order to withdraw cash in Euros or US Dollars. Over 10 millions euros were withdrawn within a few days of Russia's invasion of Ukraine and the implementation of Western sanctions.
On 9 March 2022, restrictions on the withdrawal of foreign currency from private accounts came into force.
On 10 March 2022, the Dollar and Euro exchange rates reached their historical maximum, 132 Roubles per Euro. After that, the Rouble was artificially propped up and in May 2022 the Euro reached its historical minimum of 58 Roubles to one Euro.
Meanwhile, prices in stores for imported goods increased from 30% to 100%.

Object Name
Panos Pictures
Max size
High Resolution
5000 x 3327 pixels
42.33 x 28.17 cm (300 dpi)
16.67 x 11.09 inch (300 dpi)
3.5 MB size on disk
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