Ruble collapses on Thursday morning, Russian stock exchange suspends trades

[Michael Cole]

Ruble collapses on Thursday morning, Russian stock exchange suspends trades

The Russian ruble collapsed on Thursday morning after Russian President Vladimir Putin announced a military operation in Ukraine, local media reported.

news.webindia123.com

The Russian ruble collapsed on Thursday morning after Russian President Vladimir Putin announced a military operation in Ukraine, local media reported...

...Russian Stock Exchange has suspended trade on all markets after collapsing about 10 per cent immediately after it opened.

A couple paragraphs in between showing the exchange rates.

Looks like the sanctions are already working.

 

[Cork]

Ruble collapses on Thursday morning, Russian stock exchange suspends trades

The Russian ruble collapsed on Thursday morning after Russian President Vladimir Putin announced a military operation in Ukraine, local media reported.

news.webindia123.com

The Russian ruble collapsed on Thursday morning after Russian President Vladimir Putin announced a military operation in Ukraine, local media reported...

...Russian Stock Exchange has suspended trade on all markets after collapsing about 10 per cent immediately after it opened.

A couple paragraphs in between showing the exchange rates.

Looks like the sanctions are already working.

Doesn't matter. Putin wealth is endless

**** Putin.

War depresses everyone and this asshole might just started WW3.

 

[Chillfolks]

Buy some rubles now while they are low and sell them when they rise again for a little profit, never let a crisis go to waste

 

[Linc]

Putin is clearly unhinged and insane with his latest speeches and now his ‘genius and savvy’ war.

 

[SonOfDaedalus]

Doesn't matter. Putin wealth is endless

**** Putin.

War depresses everyone and this asshole might just started WW3.

No tyrant rules without the support of the oligarchs. If the wealthy in Russia decide that Putin is bad for business he will be gone.

But a bigger concern is ordinary Russians feeling squeezed economically and questioning Putin's decisions.

 

[Cork]

No tyrant rules without the support of the oligarchs. If the wealthy in Russia decide that Putin is bad for business he will be gone.

But a bigger concern is ordinary Russians feeling squeezed economically and questioning Putin's decisions.

I doubt Putin cares. No one wants war even in Russia. I'm sure Putin calculated how negativily this will affect their economy but Putin is just doing what he wants.

It is my understanding Russian oligarchy are only there because they're Putin stooges and he allows it.

 

[Linc]

It’d be nice to see the GOP denazify. That won’t happen. You’ll see what I mean next year when GOPutins take the House.

 

[bongsaway]

Buy some rubles now while they are low and sell them when they rise again for a little profit, never let a crisis go to waste

And then complain how the dems never let a good crisis go to waste. Is everything about money to republicans?

 

[Roadvirus]

The Russian people need to oust Putin now. Unless they like economic collapse, of course.

 

[Lord Tammerlain]

The Russian people need to oust Putin now. Unless they like economic collapse, of course.

Food wise Russia can produce what they need, nearly everything else they can buy from Asia. The raw materials Russia sells to Europe or the US can be redirected to Asia as well. Russia won’t collapse, and over time it will be stronger. 10 years ago it was importing wheat, now it is if I recall correctly it is the largest exporter.

 

[RaleBulgarian]

Buy some rubles now while they are low and sell them when they rise again for a little profit, never let a crisis go to waste

You gotta know that’s happening.

 

[RaleBulgarian]

Putin is clearly unhinged and insane with his latest speeches and now his ‘genius and savvy’ war.

Putin’s hanging with bad influences probably hasn’t helped, either.

 

[Buckeyes85]

Food wise Russia can produce what they need, nearly everything else they can buy from Asia. The raw materials Russia sells to Europe or the US can be redirected to Asia as well. Russia won’t collapse, and over time it will be stronger. 10 years ago it was importing wheat, now it is if I recall correctly it is the largest exporter.

That may be but they still have the highest poverty rate of any developed economy and rampant corruption. It wouldn't take an all-out collapse to warrant deposing Putin's regime.

 

[Lord Tammerlain]

That may be but they still have the highest poverty rate of any developed economy and rampant corruption. It wouldn't take an all-out collapse to warrant deposing Putin's regime.

Compared to what it was before Putin, it has improved. As it is still generally in poor condition, sanctions won't be much of an issue.

Sanctions will hurt Europe in general more than it will hurt Russia. Russia will just have to redirect its exports east to Asia, and Asian imports will replace ones from Europe. The Russian upper middle class will be upset most as European luxury goods will be harder to buy.

Removing Russia from Swift won't be very damaging as well, but will lead to Swift being replaced by something else.

 

[ataraxia]

Doesn't matter. Putin wealth is endless

**** Putin.

War depresses everyone and this asshole might just started WW3.

If you can get enough Russians to start disliking him, it might be a good start to getting rid of him. That is less likely to happen if Putin is only hurting others- but Russians will start to grumble if it's starting to hit their own wallet and they start seeing more of their own sons coming back in body bags.

I think they were under the impression that he was going to "make Russia great again"- not with trying to build infrastructure for his economy or getting rid of all the corruption and crony capitalism, but by invading and conquering other nations. This may start disabusing them of that silly notion.

Putin thinks it's still the 19th century or something.

 

[Linc]

Putin’s hanging with bad influences probably hasn’t helped, either.
View attachment 67376664

That Helsinki image and shitshow should never be forgiven by any American.

 

[Lord Tammerlain]

Putin’s hanging with bad influences probably hasn’t helped, either.
View attachment 67376664

That photo has to be manipulated in some way. Putin is a good 5 inches shorter than Trump. So it was either taken at an angle that make Putin look taller or Trump is slouching heavily, or a combination of both

 

[Michael Cole]

That photo has to be manipulated in some way. Putin is a good 5 inches shorter than Trump. So it was either taken at an angle that make Putin look taller or Trump is slouching heavily, or a combination of both

It's not manipulated. Perspective. Notice the bent knees. You see the difference there.

 

[RaleBulgarian]

Compared to what it was before Putin, it has improved. As it is still generally in poor condition,

The Russian economy is in poor condition. More than two decades in power, Putin owns it.

sanctions won't be much of an issue.

Nonsense.

Sanctions will hurt Europe in general more than it will hurt Russia. Russia will just have to redirect its exports east to Asia, and Asian imports will replace ones from Europe. The Russian upper middle class will be upset most as European luxury goods will be harder to buy.

More nonsense. The UK/EU, as a whole, will bear the burdens of sanctions far better than Russia and the Russian people, who are already beginning to protest Putin’s foolish, reckless move.

And redirecting exports won’t be as simple as switching tracks on a toy train set, either.

For countries unconcerned by Putin’s invasion of a neighboring country, and still willing to buy exports, sanctions or threats of sanctions will have a significant impact.

Germany’s refusing to certify Nord Stream 2 is just one of many significant hits awaiting Putin.

Putin’s only sane option is to withdraw from Ukraine before things get much worse for Ukrainians and Russians.

 

[Lord Tammerlain]

The Russian economy is in poor condition. More than two decades in power, Putin owns it.

Nonsense.

More nonsense. The UK/EU, as a whole, will bear the burdens of sanctions far better than Russia and the Russian people, who are already beginning to protest Putin’s foolish, reckless move.

And redirecting exports won’t be as simple as switching tracks on toy train set, either.

For countries unconcerned by Putin’s invasion of a neighboring country, and still willing to buy exports, sanctions or threats of sanctions will have a significant impact.

Germany’s refusing to certify Nord Stream 2 is just first significant hit of many to come to Putin.

Putin’s only sane option is to withdraw from Ukraine before things get much worse for Ukrainians and Russians.

Nord Stream was being delayed as it was. Sanctions will mean no natural gas, it takes time to ramp up for LNG imports, new facilities need to be built.

Redirecting exports means sending them on a ship to Asia rather than train to Europe. The Asian market is large enough to accept it. The Asian market can supply Russia with all the manufactured goods it can not make itself. Russian oil, gas and minerals are harder to find replacements for

 

[RaleBulgarian]

Nord Stream was being delayed as it was. Sanctions will mean no natural gas, it takes time to ramp up for LNG imports, new facilities need to be built.

Understood. Nord Stream 2 wasn’t expected to be online for several months however, Germany’s notice is a clear notice that the country is ready to take the hit of giving up what was expected to be a mutually beneficial arrangement in support of Ukraine’s sovereignty.

Redirecting exports means sending them on a ship to Asia rather than train to Europe. The Asian market is large enough to accept it. The Asian market can supply Russia with all the manufactured goods it can not make itself. Russian oil, gas and minerals are harder to find replacements for

Name the Asian countries that you believe will step up to buy Russian oil and provide supporting evidence, if possible.

As for other other commodities, how much $ does Putin/Russia lose in making adjustments?

No, sanctions won’t be easy at all for Putin.

 

[Lord Tammerlain]

Understood. Nord Stream 2 wasn’t expected to be online for several months however, Germany’s notice is a clear notice that the country is ready to take the hit of giving up what was expected to be a mutually beneficial arrangement in support of Ukraine’s sovereignty.

Name the Asian countries that you believe will step up to buy Russian oil and provide supporting evidence, if possible.

As for other other commodities, how much $ does Putin/Russia lose in making adjustments?

No, sanctions won’t be easy at all for Putin.

China for one,

China will love to get more Russian oil and gas, and at a discount compared to past prices. It just signed a huge deal for Russian coal. India tends to have good relations with Russia, but I do not think pipelines currently go to India from Russia.

Russia will take a hit, but Europe will be hit harder as they would have to replace Russian gas with LNG imports at much higher prices. Russians already poor, won't feel much, Europeans, not poor will feel the hit more

 

[RaleBulgarian]

China for one,

China was a given. Jinping isn’t going to be Putin’s sugar daddy though.

India tends to have good relations with Russia, but I do not think pipelines currently go to India from Russia.

India doesn’t currently buy any oil from Russia.

* Correction; India does import about 10% of it’s petroleum products from Russia.

Russia will take a hit, but Europe will be hit harder as they would have to replace Russian gas with LNG imports at much higher prices. Russians already poor, won't feel much, Europeans, not poor will feel the hit more

Actual damage to an economy, and perceived hardships are not the same.

UK/EU citizen’s (and Americans, to a lesser extent) pain will be brief. Russia’s will not be.

 

[Lord Tammerlain]

China was a given. Jinping isn’t going to be Putin’s sugar daddy though.

India doesn’t currently buy any oil from Russia.

* Correction; India does import about 10% of it’s petroleum products from Russia.

Actual damage to an economy, and perceived hardships are not the same.

UK/EU citizen’s (and Americans, to a lesser extent) pain will be brief. Russia’s will not be.

The exports from Russia are needed on the world stage (ie Europe and US) more than Russia needs imports from the US and Europe


That rich Russians will have difficulties staying in London, is not going to hurt the Russian economy

 

[RaleBulgarian]

The exports from Russia are needed on the world stage (ie Europe and US) more than Russia needs imports from the US and Europe

The U.S. imports 7% of it’s oil from Russia. Not nothing. Not a lot more than nothing, either. We can make up the loss from other sources much easier than the UK/EU.

One bright spot for Putin is that his citizens are already used to a poor economy/quality of life compared with the UK/EU. That conditioning will probably come in handy as his insane attack on a neighbor country continues.

That rich Russians will have difficulties staying in London, is not going to hurt the Russian economy

Not pertinent.

While we’ve been discussing how sanctions will effect Putin/Russians, have you given much thought to other significant challenges his insanity will bring, like how he will manage the occupation of Ukraine? The costs/complications of logistics? Securing Ukrainian civilians? Establishing a “government”? Putting down resistance from Ukrainian civilians? Preventing the media from reporting facts? Overcoming virtually worldwide condemnation and rejection and more?

As one talking head I heard recently say, “what’s the dog gonna do once it’s caught the bus”?