Posted on 11/29/2024 3:54:01 AM PST by marcusmaximus
The Russian rouble has plunged to its lowest level against the dollar since the immediate aftermath of the full-scale invasion of Ukraine in March 2022.
The ruble hit 113 against the US dollar on Thursday. On Wednesday, Russia's central bank announced it would stop foreign-currency purchases to try and strengthen the currency and ease pressures on financial markets.
The ruble has been sliding since late summer, falling by more than a third since August. Oil prices have fallen in the same period, hitting Russia's earning capacity from its most important commodity.
That has piled pressure onto a war economy already struggling under the weight of soaring inflation. President Vladimir Putin has dramatically ramped up military spending over the past 18 months, in an attempt to gain the upper hand in the war in Ukraine.
Defense spending has more than tripled since 2021 and is set to be a record 13.5 trillion ruble ($122 billion, €102 billion) in next year's budget, another huge 25% hike. The country's central bank estimates inflation hit 8.5% this year, double its target. Interest rates are also at record highs, hitting 21% in October.
(Excerpt) Read more at amp.dw.com ...
Russia in a panic? Maybe.
UKRaine totally fUKRed? Absolutely. They can’t even scrape up enough kids in their prime to provide the cannon fodder for their insatiable blood lust.
Two months from now, max, fUKR will be bowing their head in submission. Vickie Nuland and Obama will have their time to mourn.
This has more to do with falling commodity prices and the increasingly strong US dollar than anything else.
Canadian dollar, for example, is at a one year low vs the American dollar and closing in on a multi year low as well.
Perhaps, but claims like yours have been announced for years now. Would imagine, if true, that Russian gains would have been far more substantial than they have been
Begging for troops from NK and elsewhere doesn’t present a pretty picture for Russia and manpower for the front or even elsewhere in their economy.
2 months? We will see
Some great news in the spirit of our Thanksgiving.
Iran will be very hard with sanctions when Trump get back in. Under Biden all Iran’s sanctions were done away with. Allowing Iran to sell much more oil. 2 million barrels per day more.
Iran back under sanctions means less money for them to fund Islamic Jihads. More peace in the Middle East.
Less than 3 minutes for your response pretty good 😎
Sugar daddy Biden will be gone in a couple months and Emperor Zelensky won’t be sucking America dry of weapons anymore to throw at Russia. That’s probably the only think keeping WW3 from being triggered now.
The ruble has collapsed against all world currencies. China is sticking it to Putin with the fixed Yuan oils and gas purchases.
Trump and Xi are going to humiliate Putin in less than 2 months.
there is no way you voted for trump if you want a neoconservative.
In fact?
I would bet everything that you voted for Harris.
Everything.
Does anyone know what the lowest ruble to dollar ratio has ever been?
HOw does one buy safely and with little to no fees, rubles?
I would wager, that in the Age of Trump, the ruble will come back again, not before it crashes though.
I expect it to go lower, much lower.
President Trump is going to bitchslap you Putin back across the Volga in less than 2 months. Putin’s Dr. Evil act is not conducive to peace.
“The ruble has collapsed against all world currencies. China is sticking it to Putin with the fixed Yuan oils and gas purchases.”
India is loving Bad Vlad’s cheapo, discounted crude oil. Other nations too. Meanwhile, Trump will be back in and America will be producing much more oil and gas for the USA and for export.
F’ing Joe Biden was blocking US gas exports to Europe and others. Some giant gas export terminals will be expanded, as soon as Trump get inaugurated.
Drill baby, drill!
You do know that Russia invaded Ukraine, right?
>> President Trump is going to bitchslap you Putin
English isn’t your first language, is it mucusmaximus?
Where in Yurp are you?
Yeah, and under similar circumstances, the NeoUS would invade ArizonaNewMexicoTexas, especially if the Chinese arms supplied to the Chinese-lead-and-funded SATO (South American Treaty Organization) were being launched into the American heartland. If you know what I mean (and I think you do).
Thanks for sharing your delusions with us here in the real world! Always fun!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.