Tuesday, December 16, 2014

U.S.-EU-Imposed Sanctions Making the Russian Economy Scream

But mainly it's the U.S.' good buddies the Saudis who are squeezing Russia in a vise, by engineering a collapse in global oil prices.

Russia gets half its government revenue from oil sales. Two-thirds of Russian exports are oil.

The Russian Central Bank raised interest rates 6.5% today, to 17%, in an attempt to stop the ruble from continuing its sharp fall. Most likely this will only temporarily pause the plunge in the ruble.

The Russian stock market is in a deep bear market.

Inflation has been rising. And worst of all, the Russian economy looks set to go into a recession, estimated to contract 4.5% next year. And it could be much worse.

All this is designed to make Putin cry "Uncle!" and abandon the breakaway eastern Ukraine.

Speaking of eastern Ukraine, the Kiev cabal put in power with help from subversion operations by the U.S. and EU has cut off most supplies to the east. The population in the eastern part of Ukraine is facing a cold and hungry winter, under continued artillery and aerial bombardment by the U.S.-EU client regime.

There's about a million and a half refugees inside and outside eastern Ukraine.

Doesn't matter how many people suffer, or die. As long as the U.S. gets its way.

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