Hit a low against the Dollar, but not the Euro. I think the record for the Euro is something like 51:1
ruble rubble
Is this connected to the price of oil dropping?
CC
Sign of the Apocalypse. Putin is the leader of the Christian world you know.
/sarc
The Ruble is up today, incidentally.
The CIA needs to be a little less obvious when they plant a story.
Pooty might be looking for a distraction.
Invading your neighbors can have consequences.
Maybe if the Russians would try producing more of their own products instead of importing so much they wouldn’t have to face so much inflation.
The rate was 36 to one US dollar when I was over there about 10 years ago. Over the ensuing years, the ruble grew consistently stronger against the dollar, but it looks like there’s been a big correction.
Wars are always over money and/or things such as oil, rubber, gold, etc. If Russia gets backed into the corner too far she will strike.
Putin was warned. Tighten the sanctions more, make the Russkies bleed.
Sanctions were imposed earlier this year because of Russian policies in eastern Ukraine, where pro-Kremlin rebels are fighting for more authority.
...
So the sanctions have nothing to do with the Russians stealing Crimea.
Leave it to Nuland to sound “retreat” before winning the battle.
Poopin is a sheer genius.
He had the respect of his people at home, respect of the global community, a peaceful setting for his nation at home, and a relatively good economic relation with the global community.
Now he’s got families wondering where the hell their boys are.
He has lost a lot of respect in the global community.
He’s got a hot zone on his Western front.
He has seriously damaged his nation’s economic standing.
Simply brilliant.
Someone call in the Poopin-scooper crew...
Euro sanctions will change when it gets freezing this winter and the Soviets cut off that gas tap.
Can they go any lower? The Ruble has been worthless for years.
Russia allows it’s currency to float in the market place ...what a radical idea.
I’ll wager Greece and the other failed Euro states are jealous.
What a fragile economy the Thieves’ Guild of Russia has made.
IMO, Russian government is in firm control of this situation. That is probably the reason why they do allow a crisis in Ukraine to unfold this way which might look incompetent on a first sight.
A 2012 elections wasn’t all that easy for United Russia majority party as they were countered by massive waves of leftist agitation.
In order to defuse it the government made numerous costly promises and all these government projects, pensions, benefits raises are now a burden the budget can’t work with.
Backing off by cutting benefits would cause another leftist unrest and the ruble devaluation is quite a solution.
Foreign policy situation plays on hand too. They can deflect domestic criticism on economy blaming American and EU sanctions.