Russian currency big problems

[zanezane]

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.

Nope, Russian Ruble is slowly inflating. The corruption in Putin's administration is the reason for that problem. The reason that they only get by is because they are a nuclear super power. Not to mention that Russia is weapons dealer too, they also have connections to oil barons in the Middle East and China's trade relations with them is what is keeping them alive, not to mention the cyber attacks conducted by their hackers are generating money for their country too. It only looks strong because people can't outright complain about something because they knew that Putin crushes everyone that tries to expose his propaganda campaign, if you believe otherwise, then how come he wants Navalny and many other Putin administration opposition arrested.

[1714502175]

1714502175

[PonZZ]

What is your opinion based on? I've never heard that Russians use USDT for their deals.
I'm not saying that the ruble is all right. It's inflating like most fiat money.

[iv4n]

But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.

Some of them found a way! Great!

In the end it doesn't matter where is someone from, people from many countries are in the similar (the same, or the worst) situation! But some people found an alternative and way to protect themselves!
Russian currency is not down as Venezuelan currency is... for example! So I feel with all this people, my country is in the same fucking shit for years... I found Bitcoin and my peace, as I hope many others will!
We need changes "yesterday", for the sake of the entire world population and for all the inheritors that will come after us! I know that, but do you know that?

[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.

Nope, Russian Ruble is slowly inflating. The corruption in Putin's administration is the reason for that problem. The reason that they only get by is because they are a nuclear super power. Not to mention that Russia is weapons dealer too, they also have connections to oil barons in the Middle East and China's trade relations with them is what is keeping them alive, not to mention the cyber attacks conducted by their hackers are generating money for their country too. It only looks strong because people can't outright complain about something because they knew that Putin crushes everyone that tries to expose his propaganda campaign, if you believe otherwise, then how come he wants Navalny and many other Putin administration opposition arrested.

In Russia, there is a strong habit of denying reality and repeating many times, like a mantra, about its alleged greatness and wretchedness of all the rest, and especially the developed countries of the West. I was born when the USSR still existed, and I saw it all. At school I was told every day "the rotten west will soon collapse, who needs the US dollar or the Japanese yen, we are huge, and everyone wants our resources, but we will destroy everyone." And in reality, billions of rubles were invested in the military-industrial complex, and nothing for the people. The population was extremely poor, but everyone got used to endure and wait for the "collapse of imperialism." And then there was the war in Afghanistan and SANCTIONS. What is happening now in the Russian Federation is an accelerated scrolling of what happened before the collapse of the USSR.

PS. And Navalny has already been detained. The reason - "did not come to call the police" at the time when he was rescued in Charite from poisoning by Russian terrorists. Those. they knew that he was in a coma, in a hospital, in another country, but they sent him summons to come for interrogation ...

[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.

Nope, Russian Ruble is slowly inflating. The corruption in Putin's administration is the reason for that problem. The reason that they only get by is because they are a nuclear super power. Not to mention that Russia is weapons dealer too, they also have connections to oil barons in the Middle East and China's trade relations with them is what is keeping them alive, not to mention the cyber attacks conducted by their hackers are generating money for their country too. It only looks strong because people can't outright complain about something because they knew that Putin crushes everyone that tries to expose his propaganda campaign, if you believe otherwise, then how come he wants Navalny and many other Putin administration opposition arrested.

In Russia, there is a strong habit of denying reality and repeating many times, like a mantra, about its alleged greatness and wretchedness of all the rest, and especially the developed countries of the West. I was born when the USSR still existed, and I saw it all. At school I was told every day "the rotten west will soon collapse, who needs the US dollar or the Japanese yen, we are huge, and everyone wants our resources, but we will destroy everyone." And in reality, billions of rubles were invested in the military-industrial complex, and nothing for the people. The population was extremely poor, but everyone got used to endure and wait for the "collapse of imperialism." And then there was the war in Afghanistan and SANCTIONS. What is happening now in the Russian Federation is an accelerated scrolling of what happened before the collapse of the USSR.

PS. And Navalny has already been detained. The reason - "did not come to call the police" at the time when he was rescued in Charite from poisoning by Russian terrorists. Those. they knew that he was in a coma, in a hospital, in another country, but they sent him summons to come for interrogation ...

Russians are last nation who can stand together all other nations are down all ready.

[SoulcreatorGod]

Not if they make oil shares with other countries.

All they have to do is sell a barrel of oil at nows cost price and once the price skyrockets from demand and econemy drying up, then they split the a % of the next barrel of oil rise.

So they get There money instantly but CIA will stop outlook rising the prices, so once countries run dry in 2 to 4 weeks time, the econemy will crash so oil prices will skyrocket.

It's that easy to fix the Russian $

[lixer]

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.

How sure are you that the Chinese are the only ones that are ready to do business with Russia? There are still other countries that are out there and ready to import from them. And as for their natural resources that you’re talking about, they are not the only country that worries about their natural resources running out, there are so many that worries about that same problem, but we can’t tell whether or not it’s going to happen.

But, I know for sure that they will have other means of income for the country, and don’t be surprised if China is the least in that list.

[DrBeer]

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.

How sure are you that the Chinese are the only ones that are ready to do business with Russia? There are still other countries that are out there and ready to import from them. And as for their natural resources that you’re talking about, they are not the only country that worries about their natural resources running out, there are so many that worries about that same problem, but we can’t tell whether or not it’s going to happen.

But, I know for sure that they will have other means of income for the country, and don’t be surprised if China is the least in that list.

Russia is of interest to China as a resource appendage and a temporary "keeper" of the historical Chinese territories. For more than 10 years, the southeastern part of Russia has been actively assimilated by the Chinese population, millions of hectares of land have already been leased to China for a 49-99 year lease ... China has never been a "friend" of Russia, it has been and remains a silent neighbor who just does not always speak that "Russia is a criminal."

[7788bitcoin]

If other states stop buying oil and gas from Russia, and buy an alternative in the Middle East or the United States, then Russia will have even more problems, since this country has no other sources to fill its budget, as well as to maintain the Russian ruble.

The major revenue of Russia is by exporting oil and gas but i am not sure about their current situation as there are sanctions imposed upon them and recently i have seen news reports that there is an uprising in Russia and people are protesting against the government because one of the opposition party member was arrested without any reason.
I would like to know the ground reality about their economy and how they are coping with the pandemic.

[bryant.coleman]

Russia is of interest to China as a resource appendage and a temporary "keeper" of the historical Chinese territories. For more than 10 years, the southeastern part of Russia has been actively assimilated by the Chinese population, millions of hectares of land have already been leased to China for a 49-99 year lease ... China has never been a "friend" of Russia, it has been and remains a silent neighbor who just does not always speak that "Russia is a criminal."

Ridiculous. There are Chinese migrants in East Russia, but they are vastly outnumbered by Muslim immigrants from countries such as Azerbaijan and Uzbekistan. Also, the Chinese birth rate as of now is much lower than that in Russia. Birth rate in China remains one of the lowest in the world. The real demographic danger for Russia comes from former Soviet Muslim republics and not from the Chinese. And regarding the territorial dispute, it was resolved 2004. The current boundary was accepted by China, after Russia ceded a few small riverine islands.

[fiulpro]

Okay let us analyze this in depth :

The price changed as much as 30% back in 2020 when the oil import and export requirements with Saudi Arabia were changed by the governments.
The Russian economy already collapsed back in the 2017 if I remember correctly therefore it was inevitable that the currency would change like a crypto.
If we compare the values from 26-28 January the price fell drastically.

Now what can Russia do ?
They can focus more on their own economy, be self sustainable till they can handle , don't think much about import export and check their oil prices for sure.
Change the strategies to tackle this and at the same time have better connections with other nations.

If you do trade in rubble it would be a hard time for sure but also a great opportunity to be honest.

[Sithara007]

Okay let us analyze this in depth :

The price changed as much as 30% back in 2020 when the oil import and export requirements with Saudi Arabia were changed by the governments.
The Russian economy already collapsed back in the 2017 if I remember correctly therefore it was inevitable that the currency would change like a crypto.
If we compare the values from 26-28 January the price fell drastically.

Now what can Russia do ?
They can focus more on their own economy, be self sustainable till they can handle , don't think much about import export and check their oil prices for sure.
Change the strategies to tackle this and at the same time have better connections with other nations.

If you do trade in rubble it would be a hard time for sure but also a great opportunity to be honest.

The collapse of the Russian economy happened back in 2014 and not in 2017. That was when the oil prices went down to $40 per barrel from $110. On top of that, several sanctions were imposed on Russia as a result of the ongoing war in Ukraine. But rather than the sanctions, it was the collapse in oil/gas prices which created havoc inside Russia, as around 3/4th of the governmental revenues at that time came from this sector.

If you remember, during the late 1980s, Ronald Reagan with the help of OPEC flooded the oil markets with cheap crude, which created a lot of issues for the USSR (which had a oil based economy). Eventually, it resulted in the collapse of the USSR in 1992. Perhaps the Americans are trying the same strategy with Russia now. 

[Obito]

Russia has very aggressive politics. Despite a huge territory, a great potential in all spheres and quite good economical level they always get in shooting wars. Syria, Chechnia, Ukraine, Dagestan. Sure these influence on good attitude towards Russia.

It is also worth mentioning that Putin and his administration is a very corrupt administration, and I understood the aggressiveness of their politics, Russia lost a lot of land after the collapse of USSR, in which Putin believes to be Russia's greatest loss, geopolitics is a real pain in the ass in my opinion. Another reason for the inflation of ruble is the big drop in oil prices after breaking the agreement with Saudi Arabia in limiting the production.

[AngelaT34534]

The question is whether the Chinese government will accept this approach. The establishment of a cryptocurrency trading center on the Sino-Russian border undoubtedly gives China's domestic criminals a way to profit from cryptocurrency, which is obviously not allowed by the Chinese government.

[kiki8899]

 Russia may issue the official digital encryption currency CryptoRuble. In the past few months, the outside world has been speculating about Russia's attitude towards cryptocurrency. Although to some extent, this shows the Russian government's acceptance of cryptocurrencies like Bitcoin and Ethereum, but unlike these cryptocurrencies, CpyptoRuble is unlikely to be a truly decentralized cryptocurrency.

[Kittygalore]

If other states stop buying oil and gas from Russia, and buy an alternative in the Middle East or the United States, then Russia will have even more problems, since this country has no other sources to fill its budget, as well as to maintain the Russian ruble.

I believe there was a pact with some Middle East country to limit the production of oil to curtail the slump of oil prices. I don't think that sanctions or product embargo are the solution for the problem in Russia, the only one that is going to be affected by this so called solutions are the people of Russia, the oligarchs and the administrations will not even feel the impact. I don't think that oil and gas is the only source for budget because Russia does not have a free airspace which means that any passing planes in Russian aerospace already payed a toll to not get shot down, if they open this airspace to more airline companies in Europe, I think that their source for budget will be filled more than ever.

[DrBeer]

Russia is of interest to China as a resource appendage and a temporary "keeper" of the historical Chinese territories. For more than 10 years, the southeastern part of Russia has been actively assimilated by the Chinese population, millions of hectares of land have already been leased to China for a 49-99 year lease ... China has never been a "friend" of Russia, it has been and remains a silent neighbor who just does not always speak that "Russia is a criminal."

Ridiculous. There are Chinese migrants in East Russia, but they are vastly outnumbered by Muslim immigrants from countries such as Azerbaijan and Uzbekistan. Also, the Chinese birth rate as of now is much lower than that in Russia. Birth rate in China remains one of the lowest in the world. The real demographic danger for Russia comes from former Soviet Muslim republics and not from the Chinese. And regarding the territorial dispute, it was resolved 2004. The current boundary was accepted by China, after Russia ceded a few small riverine islands.

Thank you - laughed!
Perhaps someone told you such a story ... but there is one caveat - I myself come from those lands and I have relatives living there in different cities ...
And now about reality - visit Khabarovsk and Novosibirsk, Tynda and Abakan, the same Chita and the surrounding areas - there you will be surprised by the presence of a huge number of citizens with typical features of indigenous peoples ... But they speak CHINESE and they are Chinese ! In those areas, local women prefer and marry Chinese, and a Chinese couple arriving to "work" in the Russian Federation, six months later, transports their entire family there. Felling of hundreds of thousands of hectares of taiga is carried out by Chinese loggers, for Chinese companies! Thousands of hectares of agricultural land are given to Chinese farmers for a period of 49 to 99 years! This is called "special zones" where the legislation of the Russian Federation does not even work!
And the expansion of Muslims is the Caucasus region, the south of Russia, the central regions, the Krasnodar Territory and Moscow - these are their territories!
PS Type in Google the query "Blagoveshchensk video Chinese" - a city in the Russian Federation which has become almost Chinese in 10 years

[bryant.coleman]

Thank you - laughed!
Perhaps someone told you such a story ... but there is one caveat - I myself come from those lands and I have relatives living there in different cities ...
And now about reality - visit Khabarovsk and Novosibirsk, Tynda and Abakan, the same Chita and the surrounding areas - there you will be surprised by the presence of a huge number of citizens with typical features of indigenous peoples ... But they speak CHINESE and they are Chinese ! In those areas, local women prefer and marry Chinese, and a Chinese couple arriving to "work" in the Russian Federation, six months later, transports their entire family there. Felling of hundreds of thousands of hectares of taiga is carried out by Chinese loggers, for Chinese companies! Thousands of hectares of agricultural land are given to Chinese farmers for a period of 49 to 99 years! This is called "special zones" where the legislation of the Russian Federation does not even work!
And the expansion of Muslims is the Caucasus region, the south of Russia, the central regions, the Krasnodar Territory and Moscow - these are their territories!
PS Type in Google the query "Blagoveshchensk video Chinese" - a city in the Russian Federation which has become almost Chinese in 10 years

Well.. personally I have never travelled to Siberia, so I can't confirm any of this. It is true that Chinese agricultural enterprises have leased out large land tracts in that part of the world. But the overall numbers are not large, as reflected in the official statistics. As per most estimate, there are less than half a million Chinese immigrants in Russia, accounting for less than 1/300th of the population. On the other hand, the official stats itself claim that there are 10 million or more Muslim immigrants from countries such as Azerbaijan and Tajikistan living in Russia, with heavy concentrations in Western part of Siberia (Yugra and Yamalo Nenets especially).

BTW, just noticed that you claimed once that you live in Ukraine.

In my country (Ukraine) prices for vegetables and basic foodstuffs have increased. At the same time, meat (beef, pork, lamb, chicken, turkey, ...) and fish (salmon, trout, salmon, and local fish) almost did not change in price.

[justdimin]

I would say one of the main reasons is the fact that Russia does things that upsets other nations, all those Putin and his rivals type of discussions are not just a "accepted fate" in other nations, they do not have to accept it, they could just dislike what is going on and move to other nations. That could be oil, that could be anything Russia produces, which means there will be less and less things bought from Russia, and Russia would keep buying stuff from around the world, you think they do not use facebook? not google things? not buy macbooks? not deal with any American companies? That is just USA, they are still dealing with every nation, whereas other nations work less with them.

So, Russia will have a bigger and bigger and bigger economical problem as long as they keep upsetting the world and making them not work with Russia due to their hate for Russia.

[CarnagexD]

Russia's enemies actively downplay them, that's why things like devaluation of the Ruble happens. It is quite justified too since Russia does things that are a bit upsetting, but so far in the past few years they have gone a bit more calm than decades ago where they show how mighty and willing to war they are.

I would say one of the main reasons is the fact that Russia does things that upsets other nations, all those Putin and his rivals type of discussions are not just a "accepted fate" in other nations, they do not have to accept it, they could just dislike what is going on and move to other nations. That could be oil, that could be anything Russia produces, which means there will be less and less things bought from Russia, and Russia would keep buying stuff from around the world, you think they do not use facebook? not google things? not buy macbooks? not deal with any American companies? That is just USA, they are still dealing with every nation, whereas other nations work less with them.

So, Russia will have a bigger and bigger and bigger economical problem as long as they keep upsetting the world and making them not work with Russia due to their hate for Russia.

This is true. Putin would've already caught wind of this and that's why they're not as aggressive and arrogant they are now as compared in the past. They wanna make sure they win back international favors, so they have to act a bit more pleasing.