Skip to comments.Russia braces for $70bn hit from investor flight
Posted on 03/25/2014 2:07:37 AM PDT by Berlin_Freeper
The Russian government has warned that it expects its capital outflows to grow to $70bn (£42.5bn) over the opening three months of 2014 as investors flee the fallout of the Ukraine crisis.
Russian deputy economy minister Andrei Klepach said yesterday that the first quarters capital outflows are likely to be towards the top end of the governments $65bn to $70bn estimate, as investors become more concerned about the impact on sanctions on the country.
(Excerpt) Read more at fundweb.co.uk ...
Let the sanctions hurt.
Actions have consequences, Russia. Maybe some operant conditioning might help bring you to your senses.
Maybe Puty can reach into his stash and and make it up.
But their stock market and national currency is growing since Crimean takeover. Over 1% this day alone.
Don’t worry Russia, breadlines aren’t that bad. Just ask gramma and grandpap.
Our greatest weakness at this point in time (and we have many) is our naive belief in something we call the “global economy” as a force similar to, or even more powerful than, military power.
This belief holds that, if China stops making David Ortiz bobblehead dolls, their “economy” will collapse and the people will rise up.
Of course, the leaders of China would have their people eat grass if it served their national interests, and their internal power structure is quite capable of dealing with uprisings.
And now, Russia can’t go to G-8 meetings. Ooooh! I’m sure that will change things!
And I thought it was the Marxists who were economic determinists.
Paying 70 billion for a country is a bargain. They’ll be able to bleed it for a lot more. But hell, if the sanctions hurt so badly why not take a couple more countries for the fun of it? I am sure Obama will write them a strongly worded letter in protest.
The United States wracked up 70 billion in debt since this started. We’re destroying our country with a socialist agenda that sanctions working Americans.
Don’t delude yourself, Russia could care less about a little debt. If we push them too far more countries will fall and our weak, timid dictator will stand by and watch.
Moscow's MICEX index fell more than 2% -- taking its losses for the year to 14%. The ruble was steady, after dipping early in the day, but has still lost about 10% since the start of the year.
Boy, we’re going to screw up the economy royally. I believe GE has a huge investment in Russia. The CEO was hired by Obama as an advisor. You can bet your booties that there is plenty going on that we will never be told by this lie’n administration.
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