Here is an entire thread with facts and figures for you to educate yourself with.
https://www.elitetrader.com/et/threads/the-demolition-of-russias-economy.365475/
Russia & Ukraine
- Thread starter UsualName
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Here is an entire thread with facts and figures for you to educate yourself with.
https://www.elitetrader.com/et/threads/the-demolition-of-russias-economy.365475/
Just like M.W, conservative values (aka bullying minority groups) is the sole reason these clowns come in here and defend Russia every single day.
The reputation of the sources you linked to is so ridiculous I won't even go there. You still did not name a single limitation. Fx markets transact multiple trillions each day. India did issue permission to Russia to exchange those amounts of rupees. You cannot name a single limitation. Yet claim there is one.
Again almost everything you said is factually incorrect. The ruble is NOT sliding because Russians hold less euros or dollars. You know nothing about currency markets yet make stupid statements like this.
The yuan spends the same as a Euro or pound or us dollar. What are you sniffing? There is a market determined exchange rare and a certain number yuan buys a dollar or euro or pound. Are you truly that stupid?
The yuan spends the same as a Euro or pound or us dollar. What are you sniffing? There is a market determined exchange rare and a certain number yuan buys a dollar or euro or pound. Are you truly that stupid?
You said things are normal in Russia, why is this dude saying his life got destroyed
“The life of Mikhail Fridman, one of Russia’s original oligarchs, was ‘destroyed’ after he was hit by European Union sanctions following the Kremlin-led invasion of Ukraine, his attorney told an EU court,” Bloomberg reports.
Awww, got destroyed too many times.
I accept your surrender.
Don't forget to support traditional family values Daddy Russia everyday.
Give a link that shows that "India issued permission to Russia" to exchange $50B of rupees. You won't.
Then think (though I am starting to doubt you're capable of it): if India allows Russia to exchange the $50B of rupees it amassed to dollars, why didn't India just pay the dollars for the oil and arms in the first place?
Yup. Thanks to Russian ingenuity, Crimea is still a summer destination.
I bet there will be some drinking on those landing craft too.
Ruskies gotta Rusk.
The real story is that the Russians are expecting the Kersh Bridge to come down sometime soon and they are positioning landing craft there to have an alternative- however limited it might be.
Russian Defence Minister is ready to bring vacationers to occupied Crimea by landing craft
Source: the Russian propaganda agency RIA Novosti quoting the Minister of Transport of the Russian Federation, Vitalii Saveliev.
Details: During the meeting, which was also attended by Russian President Vladimir Putin, Saveliev said that in the morning, he spoke with the Minister of Defence of the Russian Federation, Sergei Shoigu, and he promised "to provide, if necessary, 2 large landing craft, each of which can carry 40 cars".
"If they make five runs a day, that's another 200 cars for each craft; that is, we will be able to transport a total of 1,000 cars across the crossing," Saveliev said.
Background:
・Since the beginning of the summer, traffic jams of many kilometres began to form in front of the Crimean Bridge due to increased checks for entering it.
・On 3 July, the occupation authorities reported that the traffic jam at the entrance to the Crimean bridge from the Kuban side had increased to eight kilometres again.
Russian Defence Minister is ready to bring vacationers to occupied Crimea by landing craft (msn.com)
I bet there will be some drinking on those landing craft too.
Ruskies gotta Rusk.
The real story is that the Russians are expecting the Kersh Bridge to come down sometime soon and they are positioning landing craft there to have an alternative- however limited it might be.
Russian Defence Minister is ready to bring vacationers to occupied Crimea by landing craft
Source: the Russian propaganda agency RIA Novosti quoting the Minister of Transport of the Russian Federation, Vitalii Saveliev.
Details: During the meeting, which was also attended by Russian President Vladimir Putin, Saveliev said that in the morning, he spoke with the Minister of Defence of the Russian Federation, Sergei Shoigu, and he promised "to provide, if necessary, 2 large landing craft, each of which can carry 40 cars".
"If they make five runs a day, that's another 200 cars for each craft; that is, we will be able to transport a total of 1,000 cars across the crossing," Saveliev said.
Background:
・Since the beginning of the summer, traffic jams of many kilometres began to form in front of the Crimean Bridge due to increased checks for entering it.
・On 3 July, the occupation authorities reported that the traffic jam at the entrance to the Crimean bridge from the Kuban side had increased to eight kilometres again.
Russian Defence Minister is ready to bring vacationers to occupied Crimea by landing craft (msn.com)
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Lol. The ruble is sliding because it’s a shit currency and was propped up by the Russian central bank buying rubles with their reserves of euros and dollars. In Russia right now there is a limit on domestic exchanges of rubles for dollars and dollars collected by businesses must be turned over to the government for rubles because they need them so bad. Now that they are running out of euros and dollars the ruble is sliding because the Russian central bank is holding yuan and the demand for yuan is weak so their ability to buy rubles has weakened, hence the slide. Which will continue unless they start unloading gold. Which they will have to. Which is why I would be bearish on gold right now.
You are the one that thinks all currency is the same and can be exchanged with ease. It cannot.
And please if you don’t understand something it doesn’t make me stupid. There’s nothing wrong with learning. I assure the way you understand currency reserves of central banks is completely wrong. Central banks maintain currency reserves to ensure the stability of their domestic currencies. It’s not a swap 1:1 or like collateral. Central banks are continuously moving large amounts of currency and metals to control their own currencies. It’s why even with all of the debt america has there still isn’t enough dollars in the world for central banks. It’s because foreign currencies need more and more to stabilize their own currencies.
And the yuan certainly does not spend like a US dollar. You can spend a US dollar almost anywhere in the world and for almost anything in the world. To spend a yuan in most markets means you will have to exchange it for the local currency, dollars or euros which will incur a cost or fee, weakening your ability to buy with it. And the rupee is even worse. Many exchanges won’t even exchange a rupee without huge fees. It’s a terrible currency and why the trilateral exchange of rupees, rubles, yuan completely failed a few months back.
The Indians will gladly unload rupees for oil to the Russians. It’s an awesome trade for them.
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