Topic: Sanction against Russia for West-choreographed conflict in Ukraine - page 5. (Read 30014 times)

This was the week when the country’s long-festering crisis turned virulent. A last-ditch attempt to defend the exchange rate by raising interest rates to 17pc failed within hours, yet the shock is surely enough to set off a chain of corporate failures and push banks over the edge.

Traders in the City watched open-mouthed as the dam broke on Black Tuesday. The event exposed the awful reality that the Kremlin does not have the infinite foreign reserves that many had supposed. “What is happening is a nightmare that we could not even have imagined a year ago,” says the central bank’s deputy chief, Sergei Shvetsov.

The currency has since stabilised at 60 to the dollar. But it has lost half its value in a year. Russia’s $2.1 trillion (£1.3 trillion) economy has shrunk to $1.1 trillion, half the GDP of California.
The external debt of Russian banks and companies has by mathematical effect ballooned to 70pc of total output. “A Russian downgrade to junk is only a matter or time,” says Tim Ash, from Standard Bank.

“The crisis is suddenly filtering into people’s daily lives,” says Bill Browder from Hermitage. “55pc of consumer goods in Russia are imported and these are doubling in price. People are buying anything they can that keeps its value.”  (reminds me of the Soviet rubble collapse)

Vedomisti reports that there is a de facto run on banks as depositors pull what they can from ATM machines, fearing the guillotine at any moment. Soviet queues are appearing again.

Those scrambling to buy cars may have missed their chance. Jaguar Land Rover has halted sales to Russia. So has General Motors, citing “rouble volatility”. The big three dealerships - Transtekhservice, Major Auto, and Avilon - have frozen sales.

As the buying frenzy subsides, the eerie stillness of depression may instead take hold. The central bank says the economy could contract by 4.7pc next year if oil prices settle at $60 a barrel, but that was before the rate shock. BNP Paribas says each 100-basis point rise cuts 0.8pc off GDP a year later. Rates have risen 750 points in a week.

“It’s going to be worse than the default crisis in 1998. This time you have a situation where the West is against them,” says Browder. “Russian companies are shut out of the global capital markets. The country can’t turn to the IMF because Washington will block it. There is no lender of last resort.”

The White House says Putin can reverse the process at any time by implementing the Minsk ceasefire deal agreed three months ago. “The aim is to sharpen the choice that he faces,” it says.

“The issue is not Crimea. We are protecting our sovereignty and our right to exist,” he says.

Russia ranks 136 for road quality, 126 for the ability of firms to absorb technology, 124 for availability of the latest technology, 120 for the burden of government regulation, and 105 for product sophistication, in the World Economic Forum’s index of competitiveness.

Alexandr Gelyevich Dugin (Russian: Aлeкcáндp Гéльeвич Дýгин, Moscow, 7th January 1962) is a Russian philosopher and political scientist known for his fascist views.[3][4][5][6][7] He has two PhDs (Sociology and Philosophy) from NGMA University in Rostov Oblast and is known for his Fourth Political Theory and the Theory of the Multipolar World. He has close ties with the Kremlin and the Russian military,[8] serving as an advisor to State Duma speaker (and key member of the ruling United Russia party) Sergei Naryshkin.[9]

http://en.wikipedia.org/wiki/Aleksandr_Dugin

The Foundations of Geopolitics: The Geopolitical Future of Russia is a geopolitical book by Alexander Dugin. The book has had a large influence within the Russian military, police, and statist foreign policy elites[1] and is used as a textbook in the General Staff Academy of Russian military.

http://en.wikipedia.org/wiki/Foundations_of_Geopolitics

USA sanctions against Cuba have 50 years history  now, who will know what will be with sanctions against Russia

Today Dr. Paul Craig Roberts warned King World News that the Russians are going to unleash what he called the "ultimate black swan" against the West.  Dr. Roberts also discussed how a terrifying series of events would then bring the Western financial system to it knees as the banking system completely collapses.

Dr. Roberts:  “I was listening to the news today and there were all these self-righteous people just happy as all get out that they had finally stomped Russia into the ground and ‘Russia is now finished,’ and Russia was broken and ‘would soon be an American vassal state where it belongs.'  And I was listening to this rot and got to thinking, ‘How can people be so utterly stupid?’  But they are, and they are just as stupid in Washington.

And in the meantime, as part of this process, Eric, we may see Russia unleash black swans that bring down the Western house of cards….

Don't mind him. Rassah is another one, who is hopelessly stuck in the 1950's in USSR. For him the time does not move forward. I feel sorry for him...

terroristic forces of Kiev

By the way, sanctions... what sanctions?

US Company to Buy Rocket Engines from Russia worth $1bn
http://russia-insider.com/en/2014/12/17/1957

Don't mind him. Rassah is another one, who is hopelessly stuck in the 1950's in USSR. For him the time does not move forward. I feel sorry for him...

It's Serbia and is already invaded by US nato

Ignorance is strength

Reading this as if it was coming from Russian "Pravda," as in "reading between the lines," does this mean that Russia is planning to invade Hungary, Finland, Tchekkia, Sebia, Austria, Turkey, China, India, and Brazil?

USA's list of countries in need of a colour revolution, countries that look out for their own interests is growing: Hungary, Finland, Tchekkia, Sebia, Austria, Turkey, China, India, Brazil...

Russian GDP might shrink by a terrifying 4.5 percent next year, the central bank said Monday, especially if the price of crude oil hangs around $60 a barrel.

You Russians are so brainwashed. You are trained to be ultra-sceptical of the "evil West", yet you swallow your own country's lies like naive babies.

 

You Russians are so brainwashed. You are trained to be ultra-sceptical of the "evil West", yet you swallow your own country's lies like naive babies.

 

You Russians are so brainwashed. You are trained to be ultra-sceptical of the "evil West", yet you swallow your own country's lies like naive babies.

You want to eat infected meat, go ahead your decision