MarkusS
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Ruble Plunges to Record as Bank Rossii Seen Selling $10 Billion
Bank Rossii poured dollars into the currency market, with traders estimating sales of about $10 billion, and raised interest rates after the threat of Western sanctions against Russia sent the ruble to a record low.
Ruble Plunges to Record as Bank Rossii Seen Selling $10 Billion - Bloomberg
Russia tried to get cute with their trade war against the Ukraine through a full embargo in response to the latter attempting to exercise their own self determination and join the EU and then actually violating Ukrainian sovereignty in a flagrant violation of international law. Oops Putin just kills off the russian economy, Its funny because sanctions are just starting.
All of the Oligarchs, including Putin have their money safely in dollars and euro's outside of Russia anyway.
But It will be a hardship on the rest of Russians, but not as if Putin cares about them anyway...
Bank Rossii poured dollars into the currency market, with traders estimating sales of about $10 billion, and raised interest rates after the threat of Western sanctions against Russia sent the ruble to a record low.
Ruble Plunges to Record as Bank Rossii Seen Selling $10 Billion - Bloomberg
Russia tried to get cute with their trade war against the Ukraine through a full embargo in response to the latter attempting to exercise their own self determination and join the EU and then actually violating Ukrainian sovereignty in a flagrant violation of international law. Oops Putin just kills off the russian economy, Its funny because sanctions are just starting.
All of the Oligarchs, including Putin have their money safely in dollars and euro's outside of Russia anyway.
But It will be a hardship on the rest of Russians, but not as if Putin cares about them anyway...