Posted on 12/16/2014 2:01:36 AM PST by elhombrelibre
Here are the numbers that explain why the Russian economy is imploding in the face of a tumbling oil price and Western sanctions.
Oil and gas energy represents two thirds of exports of around $530bn (£339bn). Without them, Russia would have a massive deficit on its trade and financial dealings with the rest of the world - which is why Russia's central bank expects a capital outflow of well over $100bn this year and next.
(Excerpt) Read more at bbc.com ...
https://uk.finance.yahoo.com/news/ruble-plumbs-low-despite-emergency-093725086.html
From the article:
“Yatsenyuk said Russia’s ultimate goal is “to take over Ukraine and to eliminate Ukraine.”
I’d suggest helping a fledgeling democracy, against a Russian neo-Soviet tyranny trying to destroy it, is a good thing....don’t you?
We moved?
Bloomberg breaking news: Ruble Weakens to 70 Versus Dollar for First Time on Record After Rate Increase— Hase (@hasehaji) December 16, 2014
USD-RUB
71.5009
USD-RUB
73.5849
Yup.
I know you’re hurting. You’re a big, big fan of Putin. I know you’re always here to distract readers from his failed and reckless assualts on his weak neighbors. You’re always here to imply that no one could possibly want to be free of Putin unless he’s a homosexual. So believe me I do feel sorry for you and your animus toward Putin’s victims.
Normally, I would laugh at his misfortune too, except, look who is leading us.
Russia won't get involved in geopolitical intrigues and conflicts - Putin
"The plunging ruble is a signal for the Russian economy to adapt to new conditions, Russia’s Central Bank Chair Elvira Nabiullina said, following the surprise midnight decision to hike the key interest rate to 17 percent.
The regulator decided to increase borrowing costs by 6.5 percentage points to stymie wild inflation and the ruble, which has fallen to record lows after the bank stopped spending billions of dollars intervening. The hike shocked the ruble, bringing it down from 67 to 60 rubles to the dollar. At the time of publication, the ruble exchange rate was 65.59 against the US dollar."
USD-RUB
74.4317
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