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originally posted by: gmacev
I say let them cut the gas. That will be the final push for Europe to look for others sources, e.g www.sgd.lt...
2015/2016 are the years Lithuania (and hopefully all the Baltic region) will finally be independent from russian gas.
what we have is Putin running Russia into the ground.
Hungary’s gas pipeline network operator FGSZ said late on Thursday that it had suspended supplies to neighbouring Ukraine indefinitely for technical reasons, a move Ukraine’s state-owned gas firm Naftogaz described as “unexpected and unexplained”.
The ruble weakened to a record low, approaching the level at which Russia’s central bank said it would intervene to support the currency.
The currency fell 0.9 percent to 44.2637 versus the central bank’s target basket of dollars and euros at 11:24 a.m. in Moscow. That’s 0.3 percent away from the level of 44.40 at which the central bank said it would begin market interventions. Ten-year government bonds retreated, pushing the yield up three basis points to 9.35 percent.
“The market is getting closer to panic,” Dmitry Polevoy, chief economist at ING Groep NV in Moscow, said in an e-mailed note. “The ‘ghost’ of peak external debt payments in September and December is the most often-cited enemy of the ruble. The attempt to test 44.40 looks well grounded.”
After shunning bond auctions for nine weeks amid the worst quarter for ruble debt since 2011, Russia indicated it’s prepared to borrow at more than 9 percent for the first time in almost five years.
In its first auction since July 16, the Finance Ministry sold all 10 billion rubles ($262 million) of August 2023 notes on offer to a single bidder on Sept. 24 at an average yield of 9.37 percent. Current yields are “acceptable” and the finance ministry plans to fulfill this year’s bond sale plan, it said in an e-mailed response to questions on Sept. 26.
Russian government bonds lost 12 percent in the third quarter in dollar terms, their worst performance since 2011, according to Bank of America Merrill Lynch data.
Those days are now consigned to what might have been. Putin began turning away from his new friends as early as 2003, and accelerated the retreat as his third term in the Kremlin got under way in 2012. He cracked down on dissidents, curbed economic freedoms and, this year, fomented the rebellion in eastern Ukraine.
The result: Russia, now bordering on recession, suffers mounting international sanctions and, increasingly, is a pariah in capital markets. While the MSCI World Index of equities is up 9.7 percent from a year ago, the Micex is down 2.9 percent. The ruble, which today reached a record low, has fallen 30 percent since Putin first became president.
originally posted by: fenson76
Yes, because letting people freeze to death is great PR. lol
a reply to: gatorboi117
Pro Russian's the so called terrorists,rebels etc.. never attacked civilians
The Russian armed forces colonel commanding eastern Ukraine’s secessionist militias can’t recruit enough local men as fighters, and that doesn’t make him happy. Igor Girkin has been away from his family and his apartment in Moscow for months now, leading a small force of volunteers fighting first in Crimea and now in Donetsk province, he says, to liberate his fellow Russians from the “Nazi threat” posed by Ukraine’s government. But to his surprise and disgust, he says in a video posted May 17, his fellow ethnic Russians in Donetsk are not rising up to join him in returning the region to its rightful place under Russian rule.
In a nearly nine-minute video recorded in a spare office with a paper-strewn desk and a local map hung on the wall, Girkin – using his nom de guerre Igor Strelkov (Igor “the Shooter”) – berates the men of Donetsk province for refusing to fight. Because of their cowardice, he says, he has no choice but to humiliate them by publicly inviting the women of Donetsk province to take roles in the liberation of eastern Ukraine that properly belong to real men.
Ukraine was never invaded by the Russian military! My god is humanity really this stupid? Russia never sent weapons to the rebels, the rebels used weapons from WW2 and the left overs after the collapse of the Soviet Untion.
Russia never sent weapons to the rebels, the rebels used weapons from WW2 and the left overs after the collapse of the Soviet Untion.
originally posted by: crayzeed
You didn't search far enough. I wrote strictly about such a scenario about 6 months ago when a post came up about Cameron trying to censure Russia by boycotting and threatening Putin. But that was the summer time and I said wait for the winter time as the majority of Britain gets its gas from Russia. Now that time is here and Mr Putin can call the shots.