The head of Russia’s Central Bank, Elvira Nabiullina, gave quite candid take: growth over the past two years came from tapping idle resources - unused labor, spare capacity, bank capital, and the Wealth Fund. Her warning: “Many of these resources are now truly exhausted.” pic.twitter.com/IU4SlkpenY
— Tatarigami_UA (@Tatarigami_UA) June 25, 2025
Don't go anywhere near windows, or accept offers of cups of tea!
RUBLE IS COLLAPSING
— Jason Jay Smart (@officejjsmart) June 12, 2024
⚡️⚡️⚡️ In St. Petersburg, Russia lines are forming at money changers after the news broke about the new US sanctions that caused the suspension of currency trading on the Moscow Exchange.
👉 The Ruble is going bust!! pic.twitter.com/Im8oLbx7n7
The US has broadened its sanctions on Russia, including a fresh crackdown on banks dealing with sanctioned entities.
It expands a December programme to target foreign banks deemed to be aiding Russia's war effort in Ukraine.
The US also placed sanctions on the Moscow stock exchange, leading to it halt trading in dollars and euros.
It also moved to try to restrict Russia's use of technology, including chips and software.
US President Joe Biden signed an executive order in December that imposed sanctions on banks dealing with about 1,200 individuals and companies deemed to be helping Russia's war machine.
Those measures, which expose banks to the risk of being cut off from the US financial system, have now been expanded to about 4,500 entities.
The US will also target on gold-laundering.
Peter Harrell, a former White House senior director for international economics, told the Reuters news agency that the US "is shifting towards something that begins to look like an effort to set up a global financial embargo on Russia".
As part of this effort, the US Treasury announced that it would impose sanctions on parts of Russia's financial system, including the Moscow Exchange, which is one of Russia's main stock exchanges.
The stock exchange, which is Russia's largest foreign exchange market, said the sanctions had forced it to stop trading in dollars and euros.
The US also focused on technology. Chips and other technology made in the US have been found in downed Russian equipment on Ukraine battlefields, including drones, radios, missiles and armoured vehicles.
As a result of these sanctions announced yesterday, there has be a major run on Russian banks, a fall in the Russian stock exchange and a fall in the Ruble.
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Tax Investigation InsuranceRussia: The entire banking system is at a standstill nationwide because the ISP used for banking communication with the Russian Central Bank is down. Infotel, the ISP, is suspected to have been hacked by a pro-Ukraine group. Sberbank's online services also down. pic.twitter.com/OFjmW8zjLl
— Igor Sushko (@igorsushko) June 9, 2023
Increasing volumes of Russian oil products are appear to be landing in Saudi Arabia by way of Egypt, Bloomberg reported.
While Egypt exported fuels to Saudi Arabia before Russia invaded Ukraine, Saudi Arabia is now taking 3.2 million barrels of power station fuel from Egypt this month, according to data from Vortexa cited by Bloomberg, marking a six-year high. Meanwhile, Egypt's imports of the fuel from Russia are soaring to 1.8 million barrels, the highest since at least 2016.
"It appears that increasing volumes of Russian fuel oil are making their way to Saudi Arabia via Egypt," Jonathan Leitch, an oil market analyst at Turner, Mason & Co., told Bloomberg.
The oil is also being bought by the EU.
Hence sanctions are not hurting Putin at all!
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Russia defaulted on its foreign-currency sovereign debt for the first time in a century.
On Sunday, the
grace period on about $100 million of snared interest payments due May
27 expired, a deadline considered an event of default if missed.
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Russia was the 11th largest economy in the world and according to Visegrád 24, “Putin has wiped out 20 years of economic growth in terms of GDP” in just two weeks.
Debt will be serviced in roubles, a default in all but name!
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Russia is temporarily banning western companies from exiting Russian investments, PM Mikhail Mishustin says. pic.twitter.com/g2E0kC3eim
— max seddon (@maxseddon) March 1, 2022
This is in effect expropriation by another name.
Given that the investments are currently worthless, until Putin and his henchmen are removed from office, the businesses affected by this have already taken the financial hit.
This will of course impact any future investments in a post Putin Russia, as no one will trust them again.
Russia’s central bank has more than doubled interest rates from 9.5% to 20% in an attempt to support the rouble, which fell by 29% this morning.
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#BREAKING: German Chancellor Scholz stops certification of Nord Stream 2 pipeline
— I.E.N. (@BreakingIEN) February 22, 2022
Germany is killing the new $10bn Nord Stream 2 gas pipeline from Russia.
It will have major consequences for European energy security
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Tax Investigation Insurance🚨No gas for you🚨
— David Sheppard (@OilSheppard) October 18, 2021
No evidence of an increase in Russian gas supplies to Europe next month in today’s keenly awaited pipeline capacity auctions, despite hints from Putin and friends in recent weeks.
European gas prices jump almost 18% https://t.co/loAwChlj8v pic.twitter.com/YcAjHeRSug
EUROPEAN ENERGY CRUNCH: More and more evidence is emerging of industrial consumers shutting down in Europe due to high electricity and gas prices. The latest: Spanish steel maker Sidenor plans to stop production 20 days from now until Dec 31 (that's equal to ~30% of the time).
— Javier Blas (@JavierBlas) October 12, 2021
The global LNG shortage is so bad that Pakistan’s latest purchase tender received ZERO offers 🇵🇰 🚢 0️⃣
— Stephen Stapczynski (@SStapczynski) October 12, 2021
Pakistan closed a tender yesterday seeking LNG cargoes for Dec.-Jan.
There is a growing risk that LNG buyers dependent on the spot market will be caught short this winter pic.twitter.com/t8w2byQLXz
The British media, in their desperation to stir the shit, would have us believe that the ongoing rises in energy prices are down to a combination of Brexit and Boris.
Yet, cast your eyes abroad and you can see that the problem is global.
For why?
A number of reasons, including:
- China buying large amounts of LNG
- China cutting back on its coal production (green policies and flooding)
- Russia playing silly buggers with gas supplies because of its long running dispute with the EU over Nord Stream 2 and Europe not wanting long term contract with Gazprom
- Covid screwing with supply chains
- The rush to go Green, without having the necessary capacity etc.
Yesterday, in a volatile day of trading, wholesale gas prices across the continent surged amid intensifying fears of a winter energy shortage.
Russian Deputy Prime Minister Alexander Novak said on Wednesday at a meeting chaired by Putin, that certification of the Nord Stream 2 undersea gas pipeline, which expects clearance from a Germany's regulator, could cool soaring European gas prices.
Prices have spiked in response to a recovery in demand, particularly from Asia, when storage levels are low.
European benchmark Dutch wholesale gas for November has jumped almost eightfold since the start of the year and reached an all-time high of over 150 euros per megawatt hour (MWh) in the early hours of Wednesday.
Putin told the meeting that Europe was wrong to reduce the share of long-term deals in natural gas trade in favour of the spot market instead, where prices have surged.
"We talked to the European Commission's previous lineup, and all its activity was aimed at phasing out of so-called long-term contracts.
It was aimed at transition to spot gas trade. And as it turned out, it has become obvious today, that this practice is a mistake."
Uncle Volodya stated that Russia is prepared to stabilise the market, and that Moscow is ready to discuss new long-term contracts for gas sales to European consumers.
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No surprises here then!Just 31 tons to go! Russia added 25 tons of gold in July putting total gold reserves at 1,969 tons. Russia should have 2,000 tons by Labor Day. pic.twitter.com/znJpTXVsQV— Jim Rickards (@JamesGRickards) August 20, 2018
Russian Stock Market in capitulation mode prior to „bill from Hell“ sanctions from United States pic.twitter.com/oPJeUY3msm— Russian Market (@russian_market) August 17, 2018
Russian Stock Market -11.53%
— Russian Market (@russian_market) April 9, 2018
Sistema -15.8%
VTB -12%
Gazprom -10%
Rosneft -14.2%
Sberbank -17.84%!!!!!
Surgut -8.66%
EURRUB +2.44% 73.12
USDRUB +2.46% 59.61
Will it stop? pic.twitter.com/Di08vDaRUY
One of the most digitally advanced nations- #Estonia is planning to launch first #digital national #currency. Source @wef pic.twitter.com/6U9XUTXNuk
— Saurabh Kumar IRS (@SaurabhKumar1) September 4, 2017
OPEC production freeze at Jan level, Oil was up 6%, now 1%
Qatar, Saudi, Russia, Venezuela, Nigeria: account for 27% of production#WTI
"Finance Minister Natalie Jaresko reached an accord with a Franklin Templeton-led creditor committee that includes a 20 percent writedown to the face value of about $18 billion of Eurobonds, the first of which matures in less than a month.All very nice and dandy, except that Russia (its main creditor) has in fact rejected the deal.
The agreement also pushes back redemption dates by four years and sets interest at 7.75 percent on all maturities, according to an e-mailed statement from the Finance Ministry and the creditor committee.
Russia is being offered the same terms as private bondholders."
RUSSIA WON’T PARTICIPATE IN UKRAINE RESTRUCTURING: SILUANOV
- LOL. So much for Ukraine's lie on "agreement with the main" ones
— Russian Market (@russian_market) August 27, 2015
The Ukrainian Finance Ministry is either speaking in error, or it is lying.