The Russian economy (catch all)

[OUTLAW 09]

Seems Russia is on the verge of a banking failure after the Rubel firmed.

http://finance.yahoo.com/news/russia...185900610.html

#Russia's banks are broke and need to be bailed out now — @washingtonpost
http://www.washingtonpost.com/blogs/...ailed-out-now/ …
@TheEconomist pic.twitter.com/DbhNSYRkql

[OUTLAW 09]

Russia talks about foreign investment---it seems to now be leaving as the fall of rubel no longer makes Russia an attractive market plus fears of nationalization uttered often in Moscow.

Virtually all of the foreign auto makers (once the pride of Russian investment projects and employers) are slowing and or stopping production.
Car sales are totally dead unless high end where Russians are buying like crazy before the prices rocket.

De-investment coming: Western Firms Slash Russia Investment Over Ruble Fall:
http://www.themoscowtimes.com/busine...ll/513695.html …
pic.twitter.com/b3p3VQcvXx

The week the dam broke in #Russia and ended #Putin's dreams. It’s going to be worse than the default crisis in 1998
http://fw.to/SntebP

Most European suppliers have stopped shipping products to their Russian counterparts and the Russian stores that were sold out are virtually empty with n customers thus no earnings--IKEA has stopped shipping kitchens and kitchen equipment due to heavy price changes of 50% or more.

[OUTLAW 09]

#Kazakhstan aims to diversify ties away from #Putin Eurasian Union during #Kyiv talks

http://uatoday.tv/politics/kazakhsta...ks-398801.html …
pic.twitter.com/R20latDsTO

[OUTLAW 09]

Russia faces full-blown crisis, says Kudrin, predicting defaults and the country's credit rating cut to junk

http://on.ft.com/1x2BChj

@ninaivanovna Russian Central Bank printing money faster than his provision of paper.

Meanwhile, Russia's Central Bank has not published its report of how much they spent propping up the ruble last week
http://cbr.ru/Eng/hd_base/?PrtId=mrrf_7d

[OUTLAW 09]

SAUDI OIL MINISTER: I Don't Care If Prices Crash To $20 — We're Not Budging
http://uk.businessinsider.com/r-saud...s-mees-2014-12 …

[OUTLAW 09]

Explains a lot. Russia forcing state firms to intervene in currency market to the tune of $1B daily
http://kommersant.ru/doc/2639259

Now that Putin has ordered Russian companies to support the ruble there is a new chance for currency speculators to cash in even more.

@andersostlund -the fact that a hefty part of the sovereign wealth funds consists of the retirement funds of the Russian people is tragic.

Russian regulators take over retail bank as depositors take fright
http://www.wsj.com/articles/russia-c...ank-1419248842 …

This bank is the first "failed Russian bank in this crisis".

Russia is living by the week now. When the crash comes it will be enormous.

Russian state gas monopoly Gazprom's extraction in 2014 falls to lowest in its history 443-445 billion cubic meters.
http://www.gazeta.ru/politics/news/2..._6771361.shtml …

[OUTLAW 09]

Russia starts bailing out banks and controlling grain prices as economy faces 'full-blown crisis' - Telegraph

http://www.telegraph.co.uk/finance/e...ic-crisis.html …

[OUTLAW 09]

The Potemkin ruble is "floating" at 55.3332, not that it matters, given the heavy intervention:

http://www.bloomberg.com/quote/USDRUB:CUR …

There has been extremely heavy hidden intervention o just keep it at this level--the question is how much longer can the RCB hold the dam?

[OUTLAW 09]

The Potemkin ruble is "floating" at 55.3332, not that it matters, given the heavy intervention:

http://www.bloomberg.com/quote/USDRUB:CUR …

There has been extremely heavy hidden intervention to just keep it at this level--the question is how much longer can the RCB hold the dam?

Forcing major #Russia corps to sell $1bln/day for months is sure to make their creditors and shareholders happy
http://www.ft.com/fastft/255251

Rating agency has dark forecast: "Moody's now expects Russian GDP to contract by 5.5% in 2015 and 3% in 2016."

Why the ruble stopped falling and what next
http://www.bloombergview.com/article...ubles-collapse …

[OUTLAW 09]

Russian Parliament to reject paying debts to all countries sanctioning Moscow for its crimes
pic.twitter.com/PyXvJMm3Zr

[OUTLAW 09]

Russian Parliament to reject paying debts to all countries sanctioning Moscow for its crimes
pic.twitter.com/PyXvJMm3Zr

#Russia may suspend the debt servicing to "aggressor countries" - EU and US.
Russia says, that the total foreign debt is $ 678,4 billion.

[OUTLAW 09]

Moody's downgrades Gazprom's foreign currency rating to Baa2; negative outlook http://fw.to/EOeChAQ

Russia begins a $100 billion private-sector bailout as its bonds face 'junk' rating
http://read.bi/1tbxkpF

[OUTLAW 09]

The Moscow overnight MosPrime rate stands at 23.5 percent. There's no liquidity and it's only a matter of time before banks start failing.

[OUTLAW 09]

Russia's central bank to refinance exporter debt
http://on.ft.com/1zhyxbu

Good Ruble Jokes.
http://www.rferl.org/content/russian.../26756902.html …

Standard & Poor’s said there’s at least a 50 percent chance it will take Russia’s rating down within 90 days.
http://bloom.bg/1tbqEYO

Russia debt closer to junk status http://cnnmon.ie/1AXuzHA

Breaking the boundaries. The transformation of Central European gas markets http://www.osw.waw.pl/en/publikacje/...an-gas-markets …

Low oil prices may stay for 15 years — economists
http://tass.ru/en/economy/768768 …

According to Newsweek, Putin gathered all Russia's oligarchs last week and demanded they convert dollars to Rubles
http://www.newsweek.com/russias-rich...R-mEfk.twitter …

[OUTLAW 09]

GAZPROM NEFT SELLS MORE THAN HALF OF FX REVENUE.
- So the rumors on fx revenue force sale are true. #USDRUB 50.76/52.70

The pure monetary component of the central bank’s reserves has dropped to about $172B

http://www.bloomberg.com/news/2014-1...n-in-week.html …

[OUTLAW 09]

GAZPROM NEFT SELLS MORE THAN HALF OF FX REVENUE.
- So the rumors on fx revenue force sale are true. #USDRUB 50.76/52.70

The pure monetary component of the central bank’s reserves has dropped to about $172B

http://www.bloomberg.com/news/2014-1...n-in-week.html …

Russia trebles Trust Bank bailout to $1.9bn:
http://on.ft.com/1zmoEJA #FT

Ruble recovery streak lasted five days; Russia adds duty on wheat exports. http://www.rferl.org/content/russia-.../26763850.html …

[OUTLAW 09]

Belarusian Prime Minister Mikhail Miasnikovich and his Russian counterpart Dmitry Medvedev discussed joint projects and ways to provide financial support for Belarus in a phone conversation on December 25, state-owned news agency BelTA reports.

The premiers of the two countries agreed to make coordinated economic decisions taking into consideration the global uncertainties. They noted that the Eurasian Economic Union would make it easier to 'overcome the difficulties'.

The agreement on the establishment of the Eurasian Economic Union is to come into force on January 1, 2015. According to Russia's president Vladimir Putin, one of the main goals of the Union is 'to become a pole of the contemporary world and play a role of the effective link between Europe and dynamic Asia-Pacific region'.

U.S. political scientist Zbigniew Brzeziński called the EEU 'Russia's new empire'.

[OUTLAW 09]

Ruble's day range: 50.7643 - 54.7039 to USD. That is almost 8%. The ruble is still very volatile. I think currency crisis is far from over

[OUTLAW 09]

Ruble's day range: 50.7643 - 54.7039 to USD. That is almost 8%. The ruble is still very volatile. I think currency crisis is far from over

Oil declines amid stronger dollar, crude oversupply in U.S.

http://www.reuters.com/article/idUSKBN0K403120141226 …

[OUTLAW 09]

Finally a Russia politician utters a "truth".

#Russia's Vice PM Kozak hopes coal supplies to #Ukraine will solve #Crimea energy crisis.
http://ria.ru/economy/20141227/1040383189.html …

Finally, some truth

Seems Russia might "own" Crimea BUT they definitely cannot supply/support it without the "hated" Ukraine.