They aren't even hiding it anymore
Posted on 08/29/2014 1:30:50 PM PDT by Tailgunner Joe
The Russian rouble fell to a record low against the dollar as investors fear further sanctions against the nation.
The rouble fell to 37.03 per dollar on Friday, its worst valuation since the currency was restructured in 1998.
The tumble comes weeks after Russia's central bank pledged to intervene less in the currency's valuation.
It also follows peace talks in Minsk between Ukrainian President Petro Poroshenko and Russian President Vladimir Putin in Minsk.
The market may have found the talks "disappointing" and renewed its concern over sanctions, said Manik Narain, emerging market strategist at UBS. ....
Russian stocks also fell. The dollar-denominated RTS index declined 1.9% to 1,196, falling below 1,200 for the first time since 8 Aug. The rouble-based MICEX index was 1.3% down to 1,405.
American bank Morgan Stanley said in a research report "escalation puts the 'investibility' of Russia into question. "In our worst case scenario involving full sanctions, a material portion of the listed stock market in Russia could become uninvestible for many investors".
(Excerpt) Read more at bbc.com ...
Gee Vlady how those sanctions working out dude eh LOL!
The US likes to throw economic sanctions around a lot. I’ve never seen a case where they worked and history shows lots of examples where they pushed countries into war.
Did the countries who were pushed into war by sanctions win those wars?
Mixed bag.
Serbia capitulated.
Many countries avoid bad behavior to avoid sanctions.
Said countries that went to war after being sanctioned have a pretty bad record in those wars.
Poland denying Russian military flights over their country.
Finnish airforces now in standby state due to the violation of airspace by Russian airplanes
They aren't even hiding it anymore
$1.39 Billion line of credit from IMF to Ukraine
Sweden and Finland are now negotiating an agreement to host NATO troops in their territories.
wow.
Even those countries are worried about Imperial Russia
And the last report that I saw, Russian oil needs more than $101 per barrel to break even.
The use of sanctions is a tactic as old as time, by the way. And yes, it has its effects. It’s part of a strategy—not a whole strategy.
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