Tag: russia

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Peculiarities of Russian National Character

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Peculiarities of Russian National Character Zimnik ← Ancient Slavic god Zimnik: a squat old man, long hair the color of snow, wears a white coat, always barefoot. Carries an iron staff, one swing with which instantly freezes everything solid. Can summon snowstorms, ice storms and blizzards. Goes around taking whatever he likes, especially children who […]

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“Most Powerful Man In The World”‘s Inner Circle Probed By US Regulators For Money Laundering

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Being 2 for 2 in losses this week (The US Election and Time’s “world’s most powerful person), it appears President Obama has fallen back on his regulatory army to take the fight to Vladimir Putin. As WSJ reports, U.S. prosecutors have launched a money-laundering investigation of billionaire Gennady Timchenko – a member of Putin’s inner […]

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For the first time, Russia has more deployed nuclear warheads than U.S.

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For the first time, Russia, which is in the midst of a major strategic nuclear modernization, has more deployed nuclear warheads than the United States, according to the latest numbers released by the State Department. Russia now has 1,643 warheads deployed on intercontinental ballistic missiles, submarine-launched ballistic missiles and heavy bombers. The United States has 1,642, said […]

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US Stocks Slide, Ruble Plunges As Russia Prepares Capital Controls

Elite Forex Blog - Market Research & Analysis
Just days after Ukraine began discussing capital controls, and Russian lawmakers passed a bill enabling asset freezes, it appears Russia has reached its limit.
  • *RUSSIA SAID TO WEIGH CAPITAL CONTROLS IF NET OUTFLOWS INTENSIFY
The Ruble is plunging towards 40 to the USD (CB intervention levels), US equity futures gapped lower, and European stocks are sliding.
As Bloomberg reports,
Russia’s central bank is weighing the introduction of temporary capital controls if the flow of money out of the country intensifies, according to two officials with direct knowledge of the discussions.
Such measures would be preventative and used only if net outflows rise significantly, the people said, who asked not to be identified because no decision has been made. They didn’t give a timeline or a level that may force such a move, saying they are looking at all possible scenarios.
The discussions are the latest sign that U.S. and European sanctions are hurting Russia and rethink policies the central bank has sought to avoid. The Economy Ministry last week raised its estimate for this year’s outflows to $100 billion from $90 billion. Russia hasn’t had a net inflow of private capital since 2007, the year after lifted restrictions.
Central bank Chairman Elvira Nabiullina, a former economic aide to President Vladimir Putin, said in an address to the government on Sept. 25 that “introducing capital controls doesn’t make sense.”
Still, if trades restrictions — such as the U.S. and EU sanctions and Russia’s retaliatory measures — are prolonged and the tax burden rises, capital outflows will intensify. That will push the regulator to shift its focus more toward ensuring financial stability from fighting inflation and use various instruments “including non-standard” means, Nabiullina said.
The central bank’s press service declined to comment. The Finance Ministry isn’t discussing such measures, Svetlana Nikitina, a spokeswoman, said by text message.
US equities gapped lower…
And the Ruble plunged…
  • *RUBLE WEAKENS TO BOUNDARY OF RUSSIA CENTRAL BANK’S TRADING BAND
  • *RUBLE WEAKENS TO LEVEL WHERE CENTRAL BANK SAYS WILL INTERVENE

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Russia Discovers Massive Arctic Oil Field Which May Be Larger Than Gulf Of Mexico

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In a dramatic stroke of luck for the Kremlin, this morning there is hardly a person in the world who is happier than Russian president Vladimir Putin because overnight state-run run OAO Rosneft announced it has discovered what may be a treasure trove of black oil, one which could boost Russia’s coffers by hundreds of […]

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Moscow fast-tracks law limiting foreign media ownership to 20%

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The Russian Duma has passed the final reading of a law forbidding holders of foreign passports from controlling or owning more than 20 percent of any media outlet. The law, proposed just ten days ago, will extensively affect Russia’s publishing sector. “The freedom of the press is guaranteed by our Constitution, and won’t be affected,” […]

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The One Company Most At Risk From Russian Sanctions Is Actually American

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When Exxon Mobil CEO Rex Tillerson detailed a $3.2 billion deal to drill for oil in Russia’s Arctic Sea two years ago, he predicted that the project would strengthen the ties between the U.S. and Russia. However, as WSJ reports, Exxon has instead wound up in the cross hairs of U.S. foreign policy, which could […]

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Here Is Why Europe Just Launched The “Nuclear Option” Against Russia

GIHAdmin

Europe’s leaders, we assume under pressure from Washington, appear to be making a big weather-related bet with their taxpayers’ lives this winter.  As they unleash funding sanctions on Russia’s big energy producers, Europe has pumped a record volume of natural gas into underground inventories in an effort to ‘outlast’ Russia and mitigate any Napoleonic “Winter […]

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