Noooo globohomo was supposed to win!
Posted on 03/31/2022 8:57:33 PM PDT by caww
Russia's ruble and banking system are showing continued signs of recovery from the initial punch of sanctions, as Moscow relies on energy exports and currency controls to partly protect the nation's economy.
After initially plummeting, the ruble has rebounded and is edging closer to the value it held before the war began, according to the official exchange rate. And the banking system is gradually stabilizing as panicked customer withdrawals subside, economists say.
"I think the key signal is that, for now, it appears the Bank of Russia managed to avoid a deep financial crisis," said Elina Ribakova, deputy chief economist at the Institute of International Finance, an association of banks and finance companies. "We were concerned that bank runs as a result of sanctions could bring down some of the more systemic [state-owned] banks. It appears that it has not happened."
Some imported goods are disappearing from store shelves as global shipping companies halt deliveries, and some manufacturers are suspending production because sanctions are preventing them from buying electronic components.
(Excerpt) Read more at greenwichtime.com ...
They are sanctions in name only.
Noooo globohomo was supposed to win!
I said from the beginning that more sanctions would not work. Lots of drones and hi-tech bazookas, that works. Some more SAMs would help.
But, Biden said the ruble was rubble. Was he misinformed? Or was the staffer who fed him that line misinformed?
Prices in Russia are up 20 or 30 percent. Tough but doable.
The ruble was 13 cents in February, and dropped down to 7 when the sanctions we’re announced. It is now up to twelve.
That means the international financial community is increasing confidence in Russia.
Meanwhile, Biden has flushed the US economy down the toilet
Russia gets rich, while Americans get economically gang raped.
Biden and the Democrats say; “We all must sacrifice for Ukraine”.
In before the Russophobe Warmongers From The Rear.
Biden poisons the US, hoping Putin gets sick.
They are sanctions in name only.
==
No, they are the most the globalists could put together without totally ruining themselves.
*** Biden poisons the US, hoping Putin gets sick. ***
LOL. You are saying that Biden’s master plan is to hope that one of the vaccinated Americans one day will be close to Putin?
Sanctions have never worked to change the behavior of any leader. They certainly work with Putin who is well acquainted with Us sanctions over the years. You can bet he had things all lined up to withstand sanctions before he went into Ukraine.
Not really, that’s the harshest sanctions regime in history, but Russia is not Iran, and political and business leaders are generally more competent than those in the West.
Prices on what? Cars and electronics - yes, but regular everyday stuff has not grown much in price and in full supply. I can’t say the same about Europe. Thousands of people are now flocking from the EU into the Russian ally Belarus, to buy gas and food, because Europe screwed up.
The entire world is seeing prices go up not just Russia - just our gas alone is a major hit for many in all countries.
Having watched Putin over the years it was noteworthy in the past decade and more he’s been expanding greatly agriculture and such for Russia to be self-sustaining as much as possible. Manufacturing as well. In southern Russia cattle ranches etc. have multiplied. It’s been an interesting observation.
[The ruble was 13 cents in February, and dropped down to 7 when the sanctions we’re announced. It is now up to twelve.
That means the international financial community is increasing confidence in Russia.]
For comparison, the relatively mild sanctions imposed after the Russian invasion of Crimea and the Donbass caused the ruble dollar rate to crash from 35 to the dollar before that invasion to 70 to the dollar just before this second much bigger invasion. When the Russian central bank rate normalizes to a level that doesn’t choke off Russian business activity (i.e. not 20%), the ruble will crash again. 150 to the dollar is probably the best case scenario, given how much more severe the sanctions are this time around.
Biden wants to Isolate Russia from the rest of the world - Obamas agenda in full swing. However Putin long ago undeerstood the Demorats agenda and long ago pivoted to Asia, China and other nations in his neighborhood - actually sucessfully so.
Yep - Europe and Asian and Middle East countries know this conflict in Ukraine is not sufficient enough to completely cut off Russia indefinately....
Well I won’t be sacrificing anything for Bidens Ukraine .... adjust and move forward regardless.
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