There’s a connection between the GPS jammer active in Kaliningrad and the DHL aircraft crash in Lithuania.
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There’s a connection between the GPS jammer active in Kaliningrad and the DHL aircraft crash in Lithuania.
Evidence gathering
Spadge Vernacular
Player Valuation: £70m
Economists think the Russian rouble could be in freefall
“If panic occurs now, everything could collapse in a matter of days.”
2024-11-28 07:02
in Economics
Economists suspect a sudden collapse of the Russian rouble could be imminent as rising import costs and foreign exchange panic take their toll.
The Central Bank has succeeded in keeping the country’s currency relatively stable since the outbreak of war in Ukraine, but recent falls suggest they might be running out of levers to control depreciating factors.
A fall of 8.5 per cent on Wednesday has been dismissed by Kremlin spokesman, Dmitry Peskov, but as the Economist notes, “economic indicators are still taking their toll, and the economy is faltering”.
“The Russian economy is indeed on the brink of collapse and disintegration, despite all the talk about “resiliency.””
The Russian rouble has lost 35 per cent of its value since the start of August and is now trading at around 114.5 against the US dollar – the lowest level since March 2022 in the immediate aftermath of Russia’s full-scale invasion of Ukraine.
Analysts from Russian-based BSC Financial Group said that the fall in the value of the rouble “resembled panic in an environment of uncertainty”.
The latest drop came just days after the US introduced sanctions against Gazprombank, Russia’s third-largest bank, which played a key role in processing payments for the remaining Russian natural gas exports to Europe.
Earlier rounds of sanctions had spared Russian gas because Europe’s economy was so dependent on it, but it is now far less reliant on Russian supplies. The Gazprombank sanctions raise the prospect of a further decrease in gas revenues and foreign currency for Moscow.
The rouble’s weakening threatens to erode Russians’ purchasing power by increasing the cost of imported goods and could further increase inflation.
The country is already contending with runaway inflation, which could climb to 8.5% this year – twice the Central Bank’s target.
The borscht index, an online cost of living tracker monitoring the prices of four ingredients needed to make the traditional soup, reports a 20% rise compared with 2023.
Economists think the Russian rouble could be in freefall
Economists suspect a sudden collapse of the Russian rouble could be imminent due to rising import costs and foreign exchange panic.
www.thelondoneconomic.com
davek
Player Valuation: £150m
Economists think the Russian rouble could be in freefall
“If panic occurs now, everything could collapse in a matter of days.”
by Jack Peat
2024-11-28 07:02
in Economics
Economists suspect a sudden collapse of the Russian rouble could be imminent as rising import costs and foreign exchange panic take their toll.
The Central Bank has succeeded in keeping the country’s currency relatively stable since the outbreak of war in Ukraine, but recent falls suggest they might be running out of levers to control depreciating factors.
A fall of 8.5 per cent on Wednesday has been dismissed by Kremlin spokesman, Dmitry Peskov, but as the Economist notes, “economic indicators are still taking their toll, and the economy is faltering”.
“The Russian economy is indeed on the brink of collapse and disintegration, despite all the talk about “resiliency.””
The Russian rouble has lost 35 per cent of its value since the start of August and is now trading at around 114.5 against the US dollar – the lowest level since March 2022 in the immediate aftermath of Russia’s full-scale invasion of Ukraine.
Analysts from Russian-based BSC Financial Group said that the fall in the value of the rouble “resembled panic in an environment of uncertainty”.
The latest drop came just days after the US introduced sanctions against Gazprombank, Russia’s third-largest bank, which played a key role in processing payments for the remaining Russian natural gas exports to Europe.
Earlier rounds of sanctions had spared Russian gas because Europe’s economy was so dependent on it, but it is now far less reliant on Russian supplies. The Gazprombank sanctions raise the prospect of a further decrease in gas revenues and foreign currency for Moscow.
The rouble’s weakening threatens to erode Russians’ purchasing power by increasing the cost of imported goods and could further increase inflation.
The country is already contending with runaway inflation, which could climb to 8.5% this year – twice the Central Bank’s target.
The borscht index, an online cost of living tracker monitoring the prices of four ingredients needed to make the traditional soup, reports a 20% rise compared with 2023.
Economists think the Russian rouble could be in freefall
Economists suspect a sudden collapse of the Russian rouble could be imminent due to rising import costs and foreign exchange panic.
'think'
'could'
'might'
'suggests'
Not exactly a balls on the table piece like.
Spadge Vernacular
Player Valuation: £70m
That's a bit better, Danny, but still needs some work.
Spadge Vernacular
Player Valuation: £70m
Seems like everyone is getting threatened at the momemt.
Eidean
Player Valuation: £8m
Ah “Kaliningrad”, another area with history of Soviet/Russian ethnic cleansing.
Bloody NATO.
davek
Player Valuation: £150m
Putin threatens to target 'decision-making centres in Kyiv' with new Oreshnik IRBM missile
President Vladimir Putin has boasted that Russia produces ten times more missiles than all of the Nato countries combined, and threatened an attack on decision-making centres in Kyiv with its new intermediate-range ballistic missile (IRBM) missile.Appearing at the Collective Security Treaty Organisation (CSTO) summit in Astana, Putin spoke about the capabilities of the Oreshnik missile.
He said that Russia had been forced to deploy the new missile “in response to the enemy’s actions” – a reference to the use of US and UK manufactured missiles inside Russian territory – and that there were “no analogues to the Russian Oreshnik in the world”. He said western equivalents would not appear any time soon.
In the event of a massive use of the Oreshnik, the force of the strike will be comparable to a nuclear weapon, he said.
He said decision-making centres in Kyiv could become a target for the Oreshnik missile, and pointed out that Ukraine has launched multiple attacks against Moscow and St Petersburg. Ukraine carried out its biggest drone strike on Moscow earlier this month.
Spadge Vernacular
Player Valuation: £70m
Spadge Vernacular
Player Valuation: £70m
Looks like Ukraine have taken another Russian refinery out.
Spadge Vernacular
Player Valuation: £70m
Thread
Eidean
Player Valuation: £8m
Made up for you, congratulations
davek
Player Valuation: £150m
No mate. I'd have been made up if this madness had been stopped a long time ago and tens of thousands of lives saved.
I'm not sure too many others here can say the same thing, tbh.
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