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Keyword: rubledeathwatch

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  • Ruble tumbles further along with oil prices

    01/13/2015 3:16:20 AM PST · by Berlin_Freeper · 7 replies
    bangkokpost.com ^ | 13 Jan 2015 | afp
    MOSCOW - The Russian ruble tumbled against the dollar and the euro for the second day in a row on Tuesday, punished as oil prices plunged further. The ruble was worth 64.68 against the dollar and 76.43 against the euro at around 0900 GMT, down from 63.17 and 74.68 on Monday evening. Stocks in the oil exporting nation were also hit, with the RTS index down 2.64 percent at around 0900 GMT. Russia's budget depends heavily on revenues from oil and gas, and the ruble's fall on Tuesday came as the price of a barrel of Brent fell to around...
  • How Putin could lose power

    01/06/2015 4:53:52 AM PST · by elhombrelibre · 17 replies
    Vox ^ | 5 Jan 15 | Amanda Taub
    After more than a decade in power, Russian President Vladimir Putin is facing what may be his most turbulent and difficult year in office. His economy is crumbling under the global collapse in gas prices; US and European economic sanctions are punishing his inner circle and most powerful state institutions; his military is occupying Crimea and still fighting in eastern Ukraine. Just before New Year's, thousands gathered in Moscow to protest the politically tinged conviction of opposition leader Alexei Navalny, who announced from the courthouse, "This regime has no right to exist." Putin's rule has been secure since he took...
  • The Ruble’s Fall and Mr. Putin’s Reckoning

    12/17/2014 12:35:04 AM PST · by elhombrelibre · 40 replies
    NYT ^ | 16 Dec 14 | OP ED
    Russians are watching their country suffer another avoidable economic calamity. The blame for this rests largely with the disastrous policies of President Vladimir Putin, who has consistently put his ego, his territorial ambitions and the financial interests of his cronies ahead of the needs of his country. ........................................................ Long before he annexed the Crimean peninsula and began backing pro-Russian forces in eastern Ukraine, Mr. Putin created an economic system that allowed a coterie of insiders to grow wealthy on Russia’s vast oil and gas reserves. He did little to diversify the economy or to make it more resilient. Now Russian...