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Sanctions - Effects on Russian Economy

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Old 19th March 2014, 15:59
Hannia Hannia is offline
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Currently MICEX (Moscow Exchange Indices) stock index is down 16% from its February high, having shed roughly $100 billion in value. 3/3/2014 the Kremlin entered the stock market and began furious buying Russian shares in order to artificially increase demand and stabilize prices. Their effort showed small gains 3/18/2014. Just how long will Kremlin will be able to keep these efforts up is questionable.

The stock market isn’t alone in its woes. The bond market has been obliterated as well, interest rates are soaring and and the value of the ruble has plummeted, making it the 2nd worst performer among emerging markets after Argentina’s peso. This means inflation on foreign goods, which the Russian consumer depends on, is raging.

The falling ruble forces the Kremlin to make Russia’s foreign currency reserves to do double duty. It must not only buy Russian stocks but also buy the currency itself, in order to prevent devaluation from turning Russian purses inside out.

The worst is yet to come.

Are the people of Russia really prepared to make such horrific sacrifices in order to pursue bloodthirsty imperialism in Ukraine? Do they even know that such sacrifices are being asked of them? Kremlin-controlled broadcast TV is certainly not telling them.
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dated 3/16/2014 Russian President Vladimir Putin may pay heavy price for Crimea moves - latimes.com

Why the Stock Market Is Doomed to Be Cheap | The Moscow Times
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Last edited by Hannia; 19th March 2014 at 16:21.
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Old 20th March 2014, 05:04
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Old 20th March 2014, 16:38
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EU Leaders Set to Modestly Step Up Russia Sanctions - WSJ.com
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Specifics were not announced. Additional sanctions on senior Putin officials + one bank.
Obama announces more sanctions against Russia
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Old 20th March 2014, 16:56
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Most likely just moved custody to a place where assets cannot be frozen.
Did Russia Just Dump a Huge Amount of U.S. Government Bonds? - The Daily Beast
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Old 20th March 2014, 17:14
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Specifics re Sanctions
http://rt.com/usa/ukraine-us-russia-sanctions-129/
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Bank Rossiya
Putin's Personal Piggy Banks | The American Spectator

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Old 20th March 2014, 20:10
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Companies in Russia Urged to Dust Off Evacuation Plans - Bloomberg
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Ukraine says Russia takes over Ukraine-owned sweet factory in Lipetsk - Yahoo News India
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Last edited by Hannia; 20th March 2014 at 23:46.
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Old 20th March 2014, 23:37
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Putin to Russian billionaires: Pay up
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