Ruble Surges After Putin Ditches Dollars and Euros for Russian Oil and Gas
21WIRE | The US plan to ruin the Russian economy may have just backfired in the most extraordinary way.
21WIRE | The US plan to ruin the Russian economy may have just backfired in the most extraordinary way.
As the Turkish Lira collapses, sending emerging market economies into turmoil, Russia is being slapped with additional US sanctions dubbed the US Congress ‘bill from hell’.
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This article was first published by RussiaFeed
No subject in my experience causes more misunderstanding in discussions of economies – and of the Russian economy in particular – than capital outflow.
There seems to be a well-nigh universal belief that capital inflow is a “good” and that capital outflow is “bad”, and when the subject is Russia this is taken to an extreme.
Heavy darkness befalls the North; the sun rarely emerges from between the clouds. This year, Russia has noticeably less street illumination, and the spirits are anything but festive. Only the whiteness of the snow and Christmas trees break the gloom and remind us of the forthcoming low point of the cosmic wheel, Yuletide, when days starts to wax and nights to wane. As this stellar event foretells the Nativity of our Savior, this is a period of hope after a very difficult year, all over the world.
Putin supporters are unhappy