Jump to content

Recommended Posts

Posted

Russia's ruble drops to more than a 2-year low against the dollar on fresh sanctions and surging tensions

 

Russia's ruble continued to weaken against the dollar on Monday, trading at 104 against the greenback. The currency is now at its weakest level versus the dollar since March 2022, when Russia first began its invasion of Ukraine.

Investors were spooked after the US imposed fresh restrictions on Russia's Gazprombank on Thursday, which, up until last week, had been the last major Russian bank that hadn't yet been blacklisted by the US.

The new restrictions limit Gazprombank's ability to participate in global financial trade and also prevent the bank from handling transactions related to energy trade, meaning European customers are unable to pay for Russian gas.

The latest restrictions are adding to concern over Moscow's weakening economy, which has been battered by Western sanctions since the start of the Ukraine war. Russia's energy revenue fell by nearly a quarter last year, thanks partly to Western trade restrictions including a $60-per-barrel price cap on Russian oil.

 

https://finance.yahoo.com/news/russias-ruble-drops-more-2-000303626.html

 

Trending now on Russian social networks.  Festive cabbage soup recipes for Christmas dinner.

  • Like 1
  • Sad 1
Posted

Wow. Ruble continues to drop  throughout the day, This was an hour ago. The rate of fall is unprecedented for a currency.

Screenshotfrom2024-11-2622-40-15.png.a52405b139bb490c2f3cf34c4b9b8df6.png

Posted (edited)

All factors in the Russian economy are worsening at an accelerating rate. Below is a summary. Remember, the head of the Russian state bank has repeatedly said in public that the broad economy cannot take the strain past 2024. 

 

Putin (and a few folks here) talk about Russia's GDP. That's meaningless because it comes from making bombs and weapons that blow up in Ukraine contributing zero (zip) to the economy. IOW, Putin is bragging about throwing money down the drain, as propagandist depots do. 

 

 

Edited by rabas
Posted

Biden and the EU greatly upped the ante by allowing long range strikes into Russia. Now, word from the new administration: 

 

BREAKING: Counterterrorism Adviser nominee Sebastian Gorka, says that Trump plans to end the Ukraine war by threatening to flood Ukraine with military aid, making current U.S. support look like “peanuts”   This is called peace through strength. 

 

https://x.com/EYakoby/status/1861239932670312859

 

I will make a prediction: By or before Valentines day, the end of Putin's Russia and maybe Putin himself will be in sight. 

 

3, 2, 1, ...  "Do you want nuclear war?  WW3?  MAD?!" 

 

Posted (edited)

If Trump can manage to help end this to the satisfaction of Ukraine where they retain their full sovereignty on future EU NATO decisions and real security guarantees as opposed to just a temporary frozen conflict I would be happy to see Trump.win the Nobel peace prize. 

Edited by Jingthing

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...