Ah, what a shame.
Huh. Wonder how they’re going to pay for their next invasion.
Starting when Clinton sent Richerson to OPEC to ask them to raise oil prices so russia could charge more and pay off the loans clinton gave them. The economy of russia and the price of the dollar and oil were pretty much tied together. It became an oil based economy screwing the western european countries.
Oil has dropped below 100, their economy is screwed also, their recent activity in Georgia makes trade a problem for them.
At least the market there understands the situation.
This is what happens when you base your entire economy on energy exportation, but due to mismanagement and nationalization policies, your output is rapidly decreasing, rather than increasing. After what Putin and his crew of Kremlin thugs did to BP and Yukos, foreign companies have slowly been pulling all their resources and money out of Russia.
Dear Hugo,
We have decided to donate to Venezuela that part of our navy currently in your waters. Enjoy!
Sincerely,
Vladimir
the Georgian chickens coming home to roooost...Come on Pooty Pute! Say something nice and make it all better. Everyone knows totalitarian governments are so much better than the democratic ones.
I wonder if this will touch Putin at all ...or his mini-me.
I’m no economist, BUT...
Wouldn’t this just lead to Russia quickly taking over all of its failed businesses and nationalizing everything and going back to their evil government controlled and sanctioned ways?
According to the report on russian website, the trading has been suspended until the supervising authority determines what to do... earlier on September 17 there was another drop of 6%.