Russian currency big problems

[CASTIEL05]

The main form of cooperation in the overall complex of economic relations between Russia and China is trade. ... The share of China in foreign trade of Russia grew from 12.1% in 2015 to 14.1% in 2016. Since 2010 China is the largest trading partner of Russia.

It does not said that only China left as trading partner of Russia but it is the largest trading partner of China. Since before, these two Giant countries are supporting each other. They are two allies and it is the reason why America can`t touch either one of them. Being the dominant and powerful country even before world war, I don`t believe that Russia will collapse and have a big problems dealing with its currency. Russia is packed up of advance technology, large territories (Even most of its land is not habitable) and it is developed country. If its currency dropped down, it might be a factor of economic declines due to pandemic and its normal for every country to suffer as of the moment.

[1714507437]

1714507437

[1714507437]

1714507437

[1714507437]

1714507437

[holahola2021]

Western sanctions have also forced Russia to look toward China for investment opportunities.
Moscow and Beijing have reached an agreement to replace the USD with national currencies in international settlements between the two countries. The agreement also calls for the two sides to develop alternative payment mechanisms for the US-dominated SWIFT network (international interbank financial system), moving towards promoting trade in Russian rubles and the yuan.

[beerlover]

Russia was never a country that cared too much about how much their currency worth, they knew that if they do not act in the best interest of other nations they will cease to do business with them and their "de facto dictatorship" under Putin is basically just a way of telling the world that you can't trust Russia at all no matter what so companies are not really going there to build new places, hell China is the biggest dictatorship in the world yet people still build factories there, but not in Russia.

So, basically all of these currency problems are because Russia loves to intervene with other peoples business and always be shady and not trustworthy, that is why their currency never gets accepted globally, it is only viable in Russia and that is why it never worths anything.

[Terrell]

Russia’s economy has always been dependent on the price of crude oil and natural gas, as commodities account for a significant portion of the economy. In 2013, exports of crude oil and related products accounted for more than two-thirds of the country’s total exports and more than half of the government’s total revenue, meaning that lower prices could have a huge impact on the economy.
In 2014, crude oil prices fell by around 50 percent due to lower demand in Europe, Russia’s key market, and increased production in the United States. However, the biggest catalyst behind Russia’s problems was probably when the Organization of the Petroleum Exporting Countries (OPEC) indicated that it would not cut its production to boost prices in late 2014. While the organization eventually cut production, crude oil prices still haven't recovered to their highs.
Crude oil prices are likely to remain depressed for the foreseeable future. OPEC compliance is less than 50 percent by many accounts if you exclude Kuwait and Saudi Arabia, who cannot be responsible for maintaining cuts on their own. U.S. shale production has proven to be flexible in response to falling crude oil prices, as production levels have continued to recover in 2018.

[Mazabik]

I can`t agree with this idea, I think Russia`s economy is rather strong, as they feel good even with all those sanctions they got from the US and EU.

[MCobian]

Not only the Russian currency experienced a decline in value, most currencies of other countries have experienced the same thing. Maybe this is
the result of the global economic crisis that has occurred, so several countries have printed money. And the impact on the decline in the country's
currency. Then regarding the sanctions given by the United States and Europe, it has had an impact on Russia. But Russia is not a weak country,
since the world war they are used to getting pressure from other countries. So I am sure the Russian economy will soon revive and the Russian
currency will also rise in value again.

[Vishnu.Reang]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.

But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.

If China will not do any Exchange with rubles its sign that currency will be devalued.

Problems for the Russian Ruble started in 2014, with the collapse in crude oil prices. Crude was trading above $100 per barrel, and suddenly it went down to $40 per barrel. Considering that the production cost of crude oil is around $30 per barrel, the profits declined by almost 80%-90%. On top of that, Russia faced tough sanctions from the US, after the merging of Crimea. China may still accept RUR, because their own currency (CNY) is perhaps the most manipulated national currency in the world.

[Argoo]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.

But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.

If China will not do any Exchange with rubles its sign that currency will be devalued.

Problems for the Russian Ruble started in 2014, with the collapse in crude oil prices. Crude was trading above $100 per barrel, and suddenly it went down to $40 per barrel. Considering that the production cost of crude oil is around $30 per barrel, the profits declined by almost 80%-90%. On top of that, Russia faced tough sanctions from the US, after the merging of Crimea. China may still accept RUR, because their own currency (CNY) is perhaps the most manipulated national currency in the world.

The Russian ruble falls naturally. The Putin regime is actually pursuing a hostile aggressive policy towards its neighbors and on the world stage, and to cover up these actions, they have invented hybrid wars and private armies, which are actually led from the Kremlin. An anti-popular domestic policy is also being pursued, in which political competitors are physically eliminated, peaceful demonstrations are prohibited and all those who disagree are imprisoned. We can see this even on the example of the law on digital assets adopted in Russia. In which state, with the regulation of cryptocurrency, it is possible to store cryptocurrency, but in fact it cannot be disposed of. Of course, Russia's position in the international arena will decline.
In addition, the ruble has always been held at the expense of the oil and gas export. Now Europe and many other states are gradually abandoning these resources and switching to environmentally friendly energy-saving technologies. Therefore, oil, gasoline and gas will become cheaper, and the ruble will fall.

[7788bitcoin]

Russia’s economy has always been dependent on the price of crude oil and natural gas, as commodities account for a significant portion of the economy. In 2013, exports of crude oil and related products accounted for more than two-thirds of the country’s total exports and more than half of the government’s total revenue, meaning that lower prices could have a huge impact on the economy.

It is a fact that the Russian economy was too much dependent on the crude oil price but with the price falling and the restriction imposed upon them i am sure they will find it difficult to overcome the crisis, i am not aware of the problems they are facing or how their economy is right now but i cannot understand what OP is referring with China boosting their economy.

[Hydrogen]

Western sanctions have also forced Russia to look toward China for investment opportunities.
Moscow and Beijing have reached an agreement to replace the USD with national currencies in international settlements between the two countries. The agreement also calls for the two sides to develop alternative payment mechanisms for the US-dominated SWIFT network (international interbank financial system), moving towards promoting trade in Russian rubles and the yuan.

Agreed. Sanctions have forced russia to rely on china and banks to conduct its normal business.

Deutsche Bank faces action over $20bn Russian money-laundering scheme

https://www.theguardian.com/business/2019/apr/17/deutsche-bank-faces-action-over-20bn-russian-money-laundering-scheme

Russia's policy and stance has shifted significantly since sanctions were imposed. Its policies lean heavily in favor of china and banks as a result. Example russia's media used to be fiercely independent. After sanctions were imposed on russia, media outlets like RT (russian times) shifted to publishing more "woke" talking points.

[habo8]

The value of any currency depend mostly on its foreign reserves, economy condition and also the loans. If any country want to uplift its currency so it have to uplift these three things.

[Coinsfera]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.
But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.
If China will not do any Exchange with rubles its sign that currency will be devalued.

Yeah, we cannot overlook sanctions made by foreign countries. It plays a huge role in the process. However, Russia moves 2 steps forward and 1 step backward about cryptocurrencies. As others said the economy is highly dependent on natural resources exports, future of the ruble is very obscure. Only the political moves can appreciate ruble.

[Ozero]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.
But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.
If China will not do any Exchange with rubles its sign that currency will be devalued.

Yeah, we cannot overlook sanctions made by foreign countries. It plays a huge role in the process. However, Russia moves 2 steps forward and 1 step backward about cryptocurrencies. As others said the economy is highly dependent on natural resources exports, future of the ruble is very obscure. Only the political moves can appreciate ruble.

The economy of Russia and its ruble now strongly depends also on the foreign policy pursued. Now, in this regard, Putin's policy in the international arena resembles a mavpu with a grenade. Everybody is threatened and therefore international partners are leaving Russia more and more, and there is no need to talk about investments in this country. The situation will improve only with the change of the ruling regime.
Russia's main profit came from the export of crude oil and gas, and now many states have embarked on a course of phasing them out and replacing them with environmentally friendly renewable energy sources. Therefore, the Russian ruble will continue to fall.

[Indymoney]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.
But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.
If China will not do any Exchange with rubles its sign that currency will be devalued.

Yeah, we cannot overlook sanctions made by foreign countries. It plays a huge role in the process. However, Russia moves 2 steps forward and 1 step backward about cryptocurrencies. As others said the economy is highly dependent on natural resources exports, future of the ruble is very obscure. Only the political moves can appreciate ruble.

The economy of Russia and its ruble now strongly depends also on the foreign policy pursued. Now, in this regard, Putin's policy in the international arena resembles a mavpu with a grenade. Everybody is threatened and therefore international partners are leaving Russia more and more, and there is no need to talk about investments in this country. The situation will improve only with the change of the ruling regime.
Russia's main profit came from the export of crude oil and gas, and now many states have embarked on a course of phasing them out and replacing them with environmentally friendly renewable energy sources. Therefore, the Russian ruble will continue to fall.

Russia is very difficult country to understand even its rich in natural resources but sadly internal politics and geography never helps this country in positive way now Putin policies are also killing in many ways only China is going with them but they are not adopting many things from them for better future ways because now just depending on Oil, Gas and natural resources is not going to help them they must adopt new technologies and better ways for improving life ways and give some soft policies in many fields and industries can also improve life style.

[OpenCryptoSystem]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.
But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.
If China will not do any Exchange with rubles its sign that currency will be devalued.

Yeah, we cannot overlook sanctions made by foreign countries. It plays a huge role in the process. However, Russia moves 2 steps forward and 1 step backward about cryptocurrencies. As others said the economy is highly dependent on natural resources exports, future of the ruble is very obscure. Only the political moves can appreciate ruble.

The economy of Russia and its ruble now strongly depends also on the foreign policy pursued. Now, in this regard, Putin's policy in the international arena resembles a mavpu with a grenade. Everybody is threatened and therefore international partners are leaving Russia more and more, and there is no need to talk about investments in this country. The situation will improve only with the change of the ruling regime.
Russia's main profit came from the export of crude oil and gas, and now many states have embarked on a course of phasing them out and replacing them with environmentally friendly renewable energy sources. Therefore, the Russian ruble will continue to fall.

Russia is very difficult country to understand even its rich in natural resources but sadly internal politics and geography never helps this country in positive way now Putin policies are also killing in many ways only China is going with them but they are not adopting many things from them for better future ways because now just depending on Oil, Gas and natural resources is not going to help them they must adopt new technologies and better ways for improving life ways and give some soft policies in many fields and industries can also improve life style.

Putin is germany origin putin not russian
Russians never been in power in russia
Its been germany always

[DrBeer]

I can`t agree with this idea, I think Russia`s economy is rather strong, as they feel good even with all those sanctions they got from the US and EU.

Resource economy mixed with sanctions and technological degradation = the rebirth of a once competitive country into a militarized, embittered third world country, with a totalitarian regime, they are not able to really rule the country ... No need to compare a beautiful picture from a financial center in Moscow or St. Petersburg with life in Rostov, Syzran or Kaliningrad! According to official statistics (imagine how much in reality!?) 30% live below the poverty line. The incomes of the population are falling rapidly, the population is taking huge consumer loans, and its solvency is falling rapidly. Businesses stop, unemployment rises. After the imposition of sanctions,% of the presence in the EU gas market is reduced, entire sectors of the economy are falling apart, regions are dying out ... Mortality exceeds the birth rate, and the "indicators" of the population are still held up by a large flow of migrants. The prospects are even worse, they will soon have to be responsible for state terrorism (MH-17), crimes against Georgia, Moldova, Ukraine, Syria, .... Therefore, the currency of such a state has no prospects.

[OpenCryptoSystem]

I can`t agree with this idea, I think Russia`s economy is rather strong, as they feel good even with all those sanctions they got from the US and EU.

Resource economy mixed with sanctions and technological degradation = the rebirth of a once competitive country into a militarized, embittered third world country, with a totalitarian regime, they are not able to really rule the country ... No need to compare a beautiful picture from a financial center in Moscow or St. Petersburg with life in Rostov, Syzran or Kaliningrad! According to official statistics (imagine how much in reality!?) 30% live below the poverty line. The incomes of the population are falling rapidly, the population is taking huge consumer loans, and its solvency is falling rapidly. Businesses stop, unemployment rises. After the imposition of sanctions,% of the presence in the EU gas market is reduced, entire sectors of the economy are falling apart, regions are dying out ... Mortality exceeds the birth rate, and the "indicators" of the population are still held up by a large flow of migrants. The prospects are even worse, they will soon have to be responsible for state terrorism (MH-17), crimes against Georgia, Moldova, Ukraine, Syria, .... Therefore, the currency of such a state has no prospects.

Russia is new country as country per regime per
Russia is not old
Current state of russia was created out of russian revolution from USA NEW YORK  wall street funded.


But what is so interesting there that other countries are so much interested about russia ?
Let me guess the natural resources !
Yet the russians are poor ...... world is fcked up

[bryant.coleman]

Resource economy mixed with sanctions and technological degradation = the rebirth of a once competitive country into a militarized, embittered third world country, with a totalitarian regime, they are not able to really rule the country ... No need to compare a beautiful picture from a financial center in Moscow or St. Petersburg with life in Rostov, Syzran or Kaliningrad! According to official statistics (imagine how much in reality!?) 30% live below the poverty line. The incomes of the population are falling rapidly, the population is taking huge consumer loans, and its solvency is falling rapidly. Businesses stop, unemployment rises. After the imposition of sanctions,% of the presence in the EU gas market is reduced, entire sectors of the economy are falling apart, regions are dying out ... Mortality exceeds the birth rate, and the "indicators" of the population are still held up by a large flow of migrants. The prospects are even worse, they will soon have to be responsible for state terrorism (MH-17), crimes against Georgia, Moldova, Ukraine, Syria, .... Therefore, the currency of such a state has no prospects.

All this is true, but the reason is not sanctions that were imposed in 2014. Even without the sanctions, Russian economy would have been in ruins right now. Back in 2014, they were overly dependent on the export of oil and natural gas. The price of these commodities declined by more than 50% in 2014, and on top of that the Russian monopoly in the most profitable market came under threat from American LNG and piped natural gas from Azerbaijan. They should have diversified away from the oil-based economy when the crude prices were above $100 per barrel. But the regime never bothered about that and as a result they are suffering now.

[Dutchyyy]

Well, it's normal as Russia is under sanctions for years. Now the other countries will use the Navalny case to impose even stricter sanctions and the situation, at least the RUB exchange rates, will worsen.

Western countries must always have 'big enemies'; otherwise, they will justify the trillions for weapons even in a pandemic.

[DrBeer]

Resource economy mixed with sanctions and technological degradation = the rebirth of a once competitive country into a militarized, embittered third world country, with a totalitarian regime, they are not able to really rule the country ... No need to compare a beautiful picture from a financial center in Moscow or St. Petersburg with life in Rostov, Syzran or Kaliningrad! According to official statistics (imagine how much in reality!?) 30% live below the poverty line. The incomes of the population are falling rapidly, the population is taking huge consumer loans, and its solvency is falling rapidly. Businesses stop, unemployment rises. After the imposition of sanctions,% of the presence in the EU gas market is reduced, entire sectors of the economy are falling apart, regions are dying out ... Mortality exceeds the birth rate, and the "indicators" of the population are still held up by a large flow of migrants. The prospects are even worse, they will soon have to be responsible for state terrorism (MH-17), crimes against Georgia, Moldova, Ukraine, Syria, .... Therefore, the currency of such a state has no prospects.

All this is true, but the reason is not sanctions that were imposed in 2014. Even without the sanctions, Russian economy would have been in ruins right now. Back in 2014, they were overly dependent on the export of oil and natural gas. The price of these commodities declined by more than 50% in 2014, and on top of that the Russian monopoly in the most profitable market came under threat from American LNG and piped natural gas from Azerbaijan. They should have diversified away from the oil-based economy when the crude prices were above $100 per barrel. But the regime never bothered about that and as a result they are suffering now.

It's hard to disagree, it's just that the sanctions became a catalyst for this process. As if the Russian media did not "trumpet" about the successes and achievements - and before the introduction of sanctions, the economy degraded. In fact, most of the pillars of today's Russian economy are the remnants of the USSR, which were slightly modernized during the time of high oil prices. But oligarchization, in fact, the embezzlement of the country's income by a small group of Putin's henchmen, and a disregard for the work on the development of the economy and technology, has led to the fact that we see the country rapidly sliding downward, becoming in fact a raw materials appendage for other countries. And if we talk about foreign policy, then the prospects here are even worse - self-isolation, the status of a world terrorist, support for totalitarian and criminal regimes, financing of gangs - this also does not benefit the Russian Federation. The Kremlin regime has committed so many crimes that normalization of relations with the whole world is possible only through total responsibility to the victims of this regime, and most likely strict control and restrictions on the development of weapons, including nuclear, chemical and bacteriological.