[9thLife]

It is far more likely that Russia has engineered the decline of its ruble in order position itself as the low-cost producer and thereby destabilize the global economy and especially force the high-cost producers (in America) out of business.

It is absurd to think that a country that is among the richest in natural resources would be brought to the point of "economic freefall" by whatever insignificant measures the Obama administration has done (with great fanfare).

Russia is among the most dominant players in oil markets and at times the single most dominant player. It can exert tremendous influence over the market.

It is also not unusual for countries to devalue their currencies for their own gain, and should it surprise anyone that Russia would do so aggressively, vindictively, almost as an act of war, without regard for the welfare of its common citizens?

I thought FReepers might appreciate a perspective that didn't originate in disinformation brainstorming session.

[Greetings_Puny_Humans]

ussia is among the most dominant players in oil markets

Russia would also be on the level of, say, an African country, without its natural resources. Half its government revenue depends on selling fuel, which is why the lower cost of oil is killing them. The only other thing they have going for them is their cheap vodka.

[Krosan]

Russia does not really produce anything other than oil, gas and other natural resources. That is why the ruble is in crashing.

This is what Russia exports.

[yorkiemom]

Interesting theory, and makes sense.