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Ruble Hits 100 Against the Euro As Currency Collapse Accelerates

I must laugh about the nonsense written here. Face reality...russia is in free fall and putin played the weomg cards. He fucked russia up. The leaders in china are not stupid enough to pump money into this black hole until it stabilized first. Western sanctions are only one aspect of this crisis, the catalyst. But russia had gigantic economic problems before.
 
This really hurts Russia, but i think the west should leave Russia a way out, pushing the bear to the corner is not good for the world security.
 
Russia will hurt but not collapse.

Russians will be hurted not the Establishment in fact Russia will increase arms supplies to Pro Russian countries and even let other countries products in Russian markets and with time increase its reserves in shape of sells and taxes.

The same repeating of Iranian sanctions we are going to see now.

Obama Backs Bill Imposing New Sanctions on Russia - ABC News

WASHINGTON — Dec 16, 2014, 6:32 PM ET
By JULIE PACE AP White House Correspondent

President Barack Obama will sign legislation imposing new economic sanctions on Russia, the White House said Tuesday, as the U.S. claimed some credit for sparking Moscow's roiling currency crisis and moved to deepen the pain.

Still, White House officials acknowledged there were no guarantees Russia's economic woes and another round of sanctions would compel President Vladimir Putin to curtail aggressive actions in Ukraine. The Russian economy has been in a downward spiral for months, but Putin has managed to maintain political support at home.

"The aim is to sharpen the choice he faces," White House spokesman Josh Earnest said of the sanctions. He said Obama was likely to sign the bill this week. The measure cleared Congress late Saturday.

Obama's support came as the Russian ruble continued its precipitous fall. The impact of the Western sanctions has been compounded by plummeting oil prices, leading Russia's Central Bank to announce a massive middle-of-the-night interest rate increase Tuesday in an unsuccessful bid to stabilize the currency.

Obama economic adviser Jason Furman said Russia was grappling with a crisis of its own making.

"The combination of our sanctions, the uncertainty they've created for themselves with their international actions and the falling price of oil has put their economy on the brink of crisis," Furman said. "That gives you only bad choices."
 
bombing america, their oil drill rigs, wallstreet, their air craft carrier, new york and chicago. One huge blow will give russia advantage to move its troops

Why Bomb the US when ur currency is being spanked on its *** by the EU as per the article? Russia should be bombing the EU including Germany where u hide? Obama and Merkel have shown Putin who is the real boss.

BBC News - Rouble turmoil leads to Apple halting online sales in Russia

Technology giant Apple says it cannot sell products online in Russia because the rouble's value is too volatile for it to set prices. The company stopped sales of its iPhones, iPads and other products in the country after a day in which the currency went into free-fall. The rouble has lost more than 20% this week, despite a dramatic decision to raise interest rates from 10.5% to 17%.
 
it is too early to tell what will happen first we dont know what will china do or if they will do anything .second i think russia should not try to put money to counter the ruble fall simply let it fall what i know is when the dollar get too expensive for the ruble local russian demand will be lower until the price become stable then they will see what is the best action to take russia still has arms industry also has friends around the world
i think also this will have impact on euros all the goods they were selling to russia is no more also no more gas and the hostility between the world superpowers is bad for economies every where
 
Why are people suggesting China will help "Russia" out with no benefits, China is a capitalist master and will not help out a country if they have zero gain, if anything China will relish this as an opportunity to buy cheap products and further increase Russias woe.
 
For God sakes, Russian needs to revamp it's economic. Depending on arm sales and oil export is a very bad model.

I think Russians will even sell warships,frigates and Submarines. Russians have started production of frigates after that Mistral episode. But on economic level , Russia will let foreign companies to set up inside Russia in large numbers. Chinese, Indians, Iranians, North Koreans even i think

TASS: Russia - Russian Navy to receive new modification of Project 22350 frigates — chief commander

Russia invites North Korea leader for May visit: paper| Reuters

Why are people suggesting China will help "Russia" out with no benefits, China is a capitalist master and will not help out a country if they have zero gain, if anything China will relish this as an opportunity to buy cheap products and further increase Russias woe.


Chinese are even investing in CEE countries

China, CEE countries pledge closer cooperation on interconnectivity - Xinhua | English.news.cn

BELGRADE, Dec. 16 (Xinhua) -- China and the Central and Eastern European (CEE) countries on Tuesday agreed to enhance cooperation on interconnectivity, according to fresh guidelines issued following the third leaders' meeting between China and 16 CEE countries.

Chinese enterprises have invested more than 5 billion dollars in CEE countries, covering such fields as machinery, chemical industry and telecommunication, while relevant sides are now actively expanding collaboration on investment in nuclear power, thermal power and others projects.
 
Why are people suggesting China will help "Russia" out with no benefits, China is a capitalist master and will not help out a country if they have zero gain, if anything China will relish this as an opportunity to buy cheap products and further increase Russias woe.
no one is expecting china to just give money to russia some chinese investments in russia to replace western businesses that left and gas and arms deals and both sides will win from this and most important china is not left alone to the west should russia fall
 
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