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Russian Markets Plunge on Recognition of Ukraine Separatists

Rogue Valley

Lead or get out of the way
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Russian Markets Pare Losses Following Plunge on Recognition of Ukraine Separatists - The Moscow Times

The dollar-denominated RTS index of leading Russian firms dropped 10% on opening.
www.themoscowtimes.com




The beginning of Russian oligarchs and business taking a financial bath.

Ukraine-Russia: Germany suspends Nord Stream 2 gas pipeline

BERLIN (AP) — Germany has taken steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia, Chancellor Olaf Scholz said Tuesday, as the West started taking punitive measures against Moscow over the Ukraine crisis .
apnews.com
 
We'll find out in the next few days what sanctions are going to be imposed but in my opinion they need to be more toward the "catastrophic" end of the continuum. Anything less is appeasement. Putin is not a man to be treated lightly.
 
Good.
 

Markets hate uncertainty.

If Russia invades, kills every man and dog it finds and a new "normal" is established and maintained, the markets will recover.
 

In 1992 the US dollar was worth 450 rubles.
That was right around the peak of Russia's program of selling bribes to own huge swaths of Soviet public goods and resources.
This time it may wind up as a fire sale on behalf of crumbling Russian oligarchs.
Did anyone notice that most of them park their yachts outside of Russia entirely?
One of them had his parked outside the Statue of Liberty, which is, in my humble opinion, a very solid "dick move" that's meant to convey a message.



He finally weighed anchor and shoved off in late 2017.
 
The Russian people are going to get crushed because of their leader's warmongering stupidity.
 
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