The ruble it's in free-fall, allmost 80 rubles/dollar!

Moscow. January 18. The tense budget situation in 2016 may not allow the government to make decisions on granting new public loans, says the Deputy Minister of Finance Sergey Storchak.

“Today, I believe that the chances of the government to take a decision on the granting of new loans is very small. The budget is tense, more than tense. I think that we are objectively in a situation where we would be forced to take a break from the point of view of making commitments on new loans,” he told reporters.

The Deputy Minister noted that last year the Russian Federation has signed “a lot” of credit agreements. “Major commitments took over. And to fulfill obligations under credits it’s even more pathetic than not meet the obligations under the loans attracted. More shame for any lender no,” he said.
[link to freenews.xyz]

They could pull out of Syria and save some money that way.

Well, If they'd pull out of East Ukraine, Georgia, Chechnya, Transnistria, etc. as well it might help... a bit

The fact it that crude oil represents roughly 70% of Russian export incomes.

A fresh batch of hot mail-order brides in our future?

Such as "Dr." Oily Taintz - the birther queen?

1 EUR = 85.54 RUB

Mother Russia has been through tougher times, They can cope.. As for the U.S people in wall street they will start jumping out of windows!!

Russian people can cope with that, but Putin's regime cannot sustain without oil export incomes.

"the U.S people in wall street"??? Who cares about these vultures, really?

If you see the war, then you see the future war.. don't believe that the oil prices are falling by accident... Syria was always about the oil.

So the globe is going to starve Russia out of the Oil Business, after all, if you can't cut off the country's export of oil, you lower the prices where they can't give it away.

Things are not as they appear.
Can you see the Oil War?

Russia may pause lending to other countries over challenging budget situation - Storchak
Talks on Russian loan to Iran continuing, no decision yet
Russian shares open sharply lower on oil
Dollar, euro gain steeply against ruble; highest in over year on Iran exit from sanctions
Dep. minister sees no point in Russia entering foreign debt market until sanctions lifted .. Russia won't take foreign loans as long as #sanctions are in place - Deputy FM
Russian finance minister sees further steep drop in oil price, ruble as unlikely
Interfax

The Russian ruble, battered by weak oil prices, on Monday dropped to a new low and broke an all-time record against the euro.

The national currency was down 1.8 percent at 79 rubles to the dollar by 5 p.m. Moscow time (1400GMT), its lowest mid-trading level since December 2014.

The ruble fell to an all-time low against the euro as the Central Bank set the official exchange rate at over 85 rubles to the euro on Monday.

All Russian ministries are expected to present their proposed cuts by the end of the month with a view of cutting 500 billion rubles ($6.3 billion) in government expenses, Finance Minister Anton Siluanov said.

Prime Minister Dmitry Medvedev, in televised comments on Monday, said that the government finds the price of oil “difficult to predict” and that Russia should use this moment to diversify its economy away from oil since it “has got a chance now to do it as quickly as possible.”
[link to www.voanews.com]

Looks like they are in panic mode!

+1

Yup, it sure sucks to be Krembot right now

Russian Market ‏@russian_market 14 segHá 15 segundos
Kazakhstani Tenge falls to 377.70 versus US dollar

MineForNothing ‏@minefornothing 14m14 minutes ago
Nigeria stocks enter bear market

MineForNothing Retweeted
Holger Zschaepitz ‏@Schuldensuehner 33m33 minutes ago
#Russia Ruble in free fall. Breaks beyond 79 per Dollar on lower oil.

The cost of tickets in Russia has ceased to depend on the ruble

On 20 January, the booking system of air tickets will recalculate the exchange rates of foreign currencies used for the conversion of tariffs for international flights: the dollar will rise by 3.95% to 79 rubles (for the period 20 January-26 January 2016 inclusive), the Euro by 3.61 per cent, to 86 rubles.
[link to freenews.xyz]

That's what happens when your one trick pony economy is based solely on oil revenue.

Well done Putin.

1 dollar = 79.3 rubles right now!
[link to www.xe.com]

And just think not all that long ago Putin was in the G8 and Russia was on its way to being a respected world power. This all started when Putin had troubles in the g8 after joining. Its been an ever escalating shit show from the moment that went south.

People use to think that Putin is in charge of everything in Russia, while he's mostly a (wealthy) puppet posturing like a boss. Russia is run by oligarchs' mafia, FSB and GRU.

Right. I knew about Putin before the Kremlin started their push to sensationalize him. He's a politician and loves new ever more strict rules on the people, total control over all media outlets and surveillance states.

He always has. What ppl think of when they think of Putin here is the persona the Kremlin created. Not how Russians see him. There's actually some similarities between him and Obama. They're both charismatic and absolutely bought and paid for by those who own them.

Putin is in charge of most of it.
The truly sad thing is though, Russia has so many natural resources but they develop and use none of it.

The USSR Communists were better at it than Putin and his cronies.

Did you ever heard about the "Thieves in Law," the highest echelon of Russian Organized Crime leadership?
Thread: Russian "Thief in Law" arrested in Spain

Putin will solve this minor annoyance.

:pooooootin:

Last Edited by The Comedian :D on 01/18/2016 01:21 PM

Oil pushing the envelope. WW3 approaching fast.

Russia will have no choice.

No.... They sell arms and weapon systems as well.

Carsha Carsha Carsha!

Who runs Russia?

Organised crime has long been big business in the country. But are mafiosi now enjoying protection by the state?

Russians have an oddly reverential attitude about their gangsters. For a small fee, tour guides will lead you through Moscow’s Vagankovskoye cemetery, where mafiosi of means are buried – some under life-sized statues or headstones etched with a likeness of the deceased standing next to his BMW. You can tune into Radio Shanson, named after a style of folk music devoted to ballads about prison life, which is currently Moscow’s second most popular station. Or notice the traditional thief’s gesture known as the raspaltsovka, extending the index and little finger, now as ubiquitous as gold chains and Rolexes in Moscow’s nightclubs.

But nothing demonstrates the veneration of all things gangster, like the untimely demise of a vor v zakone, or Russian mafia boss.

In what has become almost a ritual, a high level razborka, or execution, will invariably lead the evening news.

The next set-piece is the funeral, where the men with abnormally thick necks and tattoos and scars peering out from under black designer suits, congregate with absurdly large wreaths of flowers to bid farewell to the deceased.

But while Russia’s vory have started to go legit, the opposite has happened to Russia’s authorities. Indeed, the basic functions of organised crime – protection rackets, narcotics, extortion and prostitution, have increasingly been assumed by the Russian state.

In a WikiLeaks cable, a Spanish judge – an expert on the Russian mafia, who has studied the mob for 11 years – told US diplomats that he considered Russia a “mafia state”, where “one cannot differentiate between the activities of the government and OC [organised crime] groups”.

The gambling affair demonstrated just how cosy law enforcement and criminal gangs have become in Russia. Indeed, according to an interview with Ivan Nazarov, the casino operator, in Kommersant newspaper, after he had paid the prosecutor’s office no organised crime groups bothered him for protection money.

Andrei Burlakov, a businessman involved in a messy dispute over the sale of a stake in Russia’s fifth-largest bank, the Bank of Moscow, and his wife enjoyed their lunch, an assassin calmly walked up and shot Burlakov in the head; the bullet fragments seriously injuring his wife. Burlakov died hours later; the hitman simply melted into the lunchtime crowds.
[link to www.ft.com]

Here's something interesting on Putin's mafia Olympics from Sochi.

Aslan Usoyan, nicknamed “Grandpa Hasan”, was reckoned to be the highest ranking mafia boss in Russia. On September 16 2010, an assassin shot him in the stomach with a Kalashnikov. The hit was clearly an elaborate job. It had been planned for months: an apartment had been rented across the street from Usoyan’s son’s flat three months prior to the shooting; the sniper left his untraceable weapon in the third-floor room and managed to evade up to 10 security cameras in his getaway. The location of the shooting, in one of the most tightly protected neighbourhoods in Moscow, a mere 800m from the Kremlin’s walls, indicated the involvement of Russia’s special services, according to Gladki.

When I try to get to the bottom of the attempted murder, however, I quickly get lost in a sea of Georgian surnames and mafia klichki or aliases.

It was mainly blamed on Tariel Oniani, a Georgian rival with whom Usoyan had quarrelled over interests in Olympic building projects in Sochi, according to police investigators.
[link to www.ft.com]

Alleged Heroin Kingpin Helped Russia Win Olympics for Sochi
[link to abcnews.go.com]

Behind the 2014 Winter Olympics Was a Major Russian Mafia Turf War
[link to mic.com]

Russian Mafia Boss Rakhimov and the Sochi Olympics
[link to gangstersinc.ning.com]

The Ring and the Rings: Vladimir Putin's Mafia Olympics
[link to www.theguardian.com]

Never mind..Russia will pay you back in tzar bombs if ruble falls.