Russian currency big problems

[aesma]

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.

CryptoFiat emitted by central banks will be completely useless to combat inflation, as they will be printed at will just like regular fiat. Oil based crypto might make a little bit more sense, but in any case you have to trust the government to not print like mad, I don't know who would be crazy enough to trust the Russian government with that.

[DrBeer]

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.

You must understand right away - the Russian official statistics, to put it mildly ... is far from reality, and more and more a means of propaganda. Judging by it, the whole world, and especially the United States, envies Russia
But okay, back to the point - first of all YOU are talking about the official figures. Let's also return to the statement that 10 million residents of Azerbaijan and Tajikistan live in the Russian Federation. Considering that in each of these countries, the total population is less than 10 million people, according to your data, it turns out that 50% of the population left for Russia? I have serious doubts. But the fact that Muslims are expanding their borders in the Russian Federation, or rather their presence, is a fact. Look at the photos from Moscow during the Islamic holiday Eid al-Adha - it looks like half of Moscow is Muslim
But back to the Chinese expansion of Russia. Read even the Russian media on the topic "экcпaнcия китaя в poccии" - open and translate the documents into your native language, and you will get a more real picture, and believe me, it will be very different from the official statistics ...
PS. Regarding me, yes, I live in Uraine, but I was born in Novosibirsk, and I have many relatives there, in different cities of Siberia, so no contradictions

[OpenCryptoSystem]

Goverment is not nation
Nation is not a goverment

[hartley]

After invading Ukraine back in late-February 2014, the United States and European Union imposed a number of financial sanctions that have made it difficult for Russian firms to borrow abroad. These sanctions were intensified after the country's alleged interference in the U.S. and European presidential elections in 2016 and 2017 and its military interventions in Ukraine and Syria. President Vladimir Putin has openly admitted that these economic sanctions are severely harming the economy. Over the long term, there are signs that these sanctions may be discouraging families from having more children, which could have devastating long-term effects.

[Freeesta]

Where did you get the information about the big problems with the Russian currency? You are given the information that they consider necessary so that you know. Russia has a strong leader, rich resources and huge potential. Therefore, no shocks are expected in the near future, and I know that many people there safely store money in their currency.

[DrBeer]

Where did you get the information about the big problems with the Russian currency? You are given the information that they consider necessary so that you know. Russia has a strong leader, rich resources and huge potential. Therefore, no shocks are expected in the near future, and I know that many people there safely store money in their currency.

It's very simple - both your media and your statistics speak about it:
- inflation of the national currency
- multiple drop in budget revenues
- 0 stocks of many government funds
- increasing the retirement age and freezing pension savings
- Sanctions
- Reputational losses in world politics
- Reputation losses in many markets
- Technological and industrial degradation
- ....
I think you should stop watching public channels with propaganda 24 * 7

[ven7net]

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.

I want to upset you, Russia is just against everything very well, but in other countries this cannot be said. What does it mean that nobody wants to buy anything for the ruble? Have you ever thought that the ruble does not have to be the currency for which external payments will be made, the ruble is needed primarily for economic growth within the country. As for external payment in general, everything is simple here, Russia sells goods for a dollar, and the dollar received inside the country is exchanged for a ruble, which makes it possible to get more rubles, and the ruble already received is invested in the development of its own country. Now count, it turns out that the more rubles are given per dollar, the more rubles (money) Russia has for internal use. For example, the United States prints tons of money for this, which already threatens hyper inflation.

[Sithara007]

They are currently facing some issues, but I have no doubt that Russia will be able to resolve them. They are among the world's best in certain sectors, such as defense technology and medical care. Take the case of their Sputnik V vaccine. According to Lancet, the phase III trials are showing an efficacy of 91.8%. Now compare this to the efficacy of 62% reported by the British vaccine (Oxford/AstraZeneca). The only thing that holds back Russia is the apparent corruption among the government circles, which results in massive emigration of qualified individuals to western nations.

[Cynthiajia0]

Russia as a whole is relatively friendly to cryptocurrencies. In fact, Russian officials have established cryptocurrency exchanges overseas. And Russia has never lacked mathematics or technical geniuses in history. The most important thing is that the devaluation of the ruble has increased the value of cryptocurrencies.

[Mauser]

Where did you get the information about the big problems with the Russian currency? You are given the information that they consider necessary so that you know. Russia has a strong leader, rich resources and huge potential. Therefore, no shocks are expected in the near future, and I know that many people there safely store money in their currency.

The Russian Rubble has been going down in value for quite some time already. It is probably due to sanctions from Western country, like with the new gas pipline to Europe which being sanctioned by the USA. While there is a lot of natural resources in Russia, it depends more how they are being sold, if it is withing the country or abroad. Also most resources being sold abroad have usually very long contract. So if the commodity prices are rising is not directly profiting the older trade agreements and it could be years until they are renegotiated.

[adzino]

It is been like this for 6 to 7 years. All started back in 2015 I guess (I remember making an economic report on this back then) when investors started to lose confidence in the market, had all their assets sold off and fears being spread about the economy causing the price of Ruble to sharply lose its value. And this has even since continued with no sign of recovery. It was last year where they have seen a huge drop against EUR and USD. If this keeps on continuing, they will have no other choice but to abandon their current currency and move into a more reliable system like crypto currencies.

[zanezane]

~

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.

It will be difficult, because it was a pact between Russia and some Middle East Countries which means that there will be a limited supply of oil in the market that is ripe for buying and other states doesn't have a choice but to buy from Russia because Middle East does have the limited supply too. There are other resources that they can sell besides oil are metals, although oil is a big part of their exports I think with their land area, I think they still have a lot to offer, maybe they can sell more weapons to other countries which is not a good thing if we want to keep the peace for some countries and to prevent casualties of wars but the money that you can get from arms dealing is really something, that is why USA is doing it.

[DrBeer]

They are currently facing some issues, but I have no doubt that Russia will be able to resolve them. They are among the world's best in certain sectors, such as defense technology and medical care. Take the case of their Sputnik V vaccine. According to Lancet, the phase III trials are showing an efficacy of 91.8%. Now compare this to the efficacy of 62% reported by the British vaccine (Oxford/AstraZeneca). The only thing that holds back Russia is the apparent corruption among the government circles, which results in massive emigration of qualified individuals to western nations.

An old myth that has little under it I will clarify:
- at the moment, more or less qualitative - these are the remnants of technologies from the USSR.
- stories about "the best military technology" turned out to be a bluff. Examples? In Syria, Libya, Azerbaijan, "unparalleled, and capable of withstanding any kind of threat" C300, Pantsir M and similar solutions were EASILY destroyed by Israel and Turkey. They are simply did not use the C400 RF so as not to show the whole world its helplessness
- Regarding the vaccine - if you read the original, it says "Denis Logunov and colleagues1 report their interim results from a phase 3 trial of the Sputnik V COVID-19 vaccine in The Lancet." Let me explain - IN THE WORDS OF LOGUNOV! Don't confuse statements and facts!
_ "Brain drain" is a SYSTEM process in Russia. People with education and real knowledge show the Russian Federation as soon as possible and go to work in the USA, Germany, Japan, China, ... This led to the technological degradation of the Russian Federation, which became the reason that all "without analogue weapons and technology" are usually empty sound and propaganda.

[bryant.coleman]

~
Let's also return to the statement that 10 million residents of Azerbaijan and Tajikistan live in the Russian Federation. Considering that in each of these countries, the total population is less than 10 million people, according to your data, it turns out that 50% of the population left for Russia? I have serious doubts. But the fact that Muslims are expanding their borders in the Russian Federation, or rather their presence, is a fact. Look at the photos from Moscow during the Islamic holiday Eid al-Adha - it looks like half of Moscow is Muslim
~

I said countries "such as" Tajikistan and Azerbaijan. That also includes Kyrgyzstan, Uzbekistan.etc. These countries have a total population of around 80 million and out of that a large fraction resides in Russia. Out of the total population of Moscow (20-25 million), around 20% may be Muslim. The white ethnic groups are dying out all over the former USSR, including Ukraine and they are being replaced by Muslim migrants from Central Asia and the Caucasus.

[OpenCryptoSystem]

How come russia is wealthy country
Resources gas clean water
But people dont live well ?

[darewaller]

It is been like this for 6 to 7 years. All started back in 2015 I guess (I remember making an economic report on this back then) when investors started to lose confidence in the market, had all their assets sold off and fears being spread about the economy causing the price of Ruble to sharply lose its value. And this has even since continued with no sign of recovery. It was last year where they have seen a huge drop against EUR and USD. If this keeps on continuing, they will have no other choice but to abandon their current currency and move into a more reliable system like crypto currencies.

When you base your nations whole power on oil and gas (basically energy) that is what you get eventually. Look at Saudi Arabia for example, the only reason they are rich is the oil they have, and they could sell it as cheap as it gets yet they will still be rich because they have so much of it, but they also realize that it can't go on like this forever so they play nice with every nation, they do whatever other nations ask, even though they are not even remotely in a war, they buy insane amount of guns and weapons and fighter jets etc etc from USA, basically they are acting friendly to get on their good side.

In return they can invest their money they make from oil to other stuff, they bought sooooo many companies all around the world, with that type of income they have from non-oil stuff, they will be still living a very comfortable life in the future.

[GbitG]

How come russia is wealthy country
Resources gas clean water
But people dont live well ?

Because in last one century no one try to establish some good way to use this all for development of common peoples and bright future of Russia mostly we have too many issues now after they are again in good shape but leadership doing corruption developing own assets enjoying elite life but not going for creating healthy environment for peoples its really big issue for them in last many decades.

[DrBeer]

~
Let's also return to the statement that 10 million residents of Azerbaijan and Tajikistan live in the Russian Federation. Considering that in each of these countries, the total population is less than 10 million people, according to your data, it turns out that 50% of the population left for Russia? I have serious doubts. But the fact that Muslims are expanding their borders in the Russian Federation, or rather their presence, is a fact. Look at the photos from Moscow during the Islamic holiday Eid al-Adha - it looks like half of Moscow is Muslim
~

I said countries "such as" Tajikistan and Azerbaijan. That also includes Kyrgyzstan, Uzbekistan.etc. These countries have a total population of around 80 million and out of that a large fraction resides in Russia. Out of the total population of Moscow (20-25 million), around 20% may be Muslim. The white ethnic groups are dying out all over the former USSR, including Ukraine and they are being replaced by Muslim migrants from Central Asia and the Caucasus.

Let it be as you think, but this does not contradict the fact of China's systemic expansion in the east of the Russian Federation!
Compare for one:
- the expansion of Muslims from the countries you indicated is mostly labor, i.e. they come and work in positions that are not prestigious among the residents of Russia.
- the expansion of the Chinese is systemic. They go to settle in the regions, have families, bring families, build a business, for them there are SPECIAL laws in the Russian Federation ...
Do you feel the difference? Russia is forced to flirt and play along with China, because it has no friends, and China is still pretending that it is not an enemy of Russia.

How come russia is wealthy country
Resources gas clean water
But people dont live well ?

Because there is a kleptocracy in the country, and the majority of the population does not understand the value of freedom and democracy, angrily at all considering the rest of the world to be guilty of their constant failures and bad life. In addition, the confrontation of modern civilization leads to degradation and degradation of the economy, society, moral principles, ...

[OpenCryptoSystem]

~
Let's also return to the statement that 10 million residents of Azerbaijan and Tajikistan live in the Russian Federation. Considering that in each of these countries, the total population is less than 10 million people, according to your data, it turns out that 50% of the population left for Russia? I have serious doubts. But the fact that Muslims are expanding their borders in the Russian Federation, or rather their presence, is a fact. Look at the photos from Moscow during the Islamic holiday Eid al-Adha - it looks like half of Moscow is Muslim
~

I said countries "such as" Tajikistan and Azerbaijan. That also includes Kyrgyzstan, Uzbekistan.etc. These countries have a total population of around 80 million and out of that a large fraction resides in Russia. Out of the total population of Moscow (20-25 million), around 20% may be Muslim. The white ethnic groups are dying out all over the former USSR, including Ukraine and they are being replaced by Muslim migrants from Central Asia and the Caucasus.

Let it be as you think, but this does not contradict the fact of China's systemic expansion in the east of the Russian Federation!
Compare for one:
- the expansion of Muslims from the countries you indicated is mostly labor, i.e. they come and work in positions that are not prestigious among the residents of Russia.
- the expansion of the Chinese is systemic. They go to settle in the regions, have families, bring families, build a business, for them there are SPECIAL laws in the Russian Federation ...
Do you feel the difference? Russia is forced to flirt and play along with China, because it has no friends, and China is still pretending that it is not an enemy of Russia.

How come russia is wealthy country
Resources gas clean water
But people dont live well ?

Because there is a kleptocracy in the country, and the majority of the population does not understand the value of freedom and democracy, angrily at all considering the rest of the world to be guilty of their constant failures and bad life. In addition, the confrontation of modern civilization leads to degradation and degradation of the economy, society, moral principles, ...

I see thats why the vodka just drink vodka while crooks steal all from you ?

[Nunoluck]

The global economic condition is not so good now. I heard that the ruble's depreciation was caused by a collapse in oil price. This pandemic situation causing many unpredictable situations on the world economy. I think it will be wise if Russian people to safe their wealth by invest in gold or bitcoin. Maybe about 10%-25% of their wealth is good enough.