Russian currency big problems

[Sithara007]

Corruption is a major national problem in Russia this is seen as a major obstacle to the overall development of the country. The country is suffering in many ways only due to corruption the government therefore wants to be tough against corruption in addition to the minister the Putin administration is not compromising on corruption, as evidenced by the imprisonment of politicians close to the center of power such as alexander khoroshavin the governor of shakhalin and nikita belikh the governor of kirov. Knowing the correct use of crypto can help them overcome currency problems.

Belikh and Khoroshavin may have fallen out with Putin and that is the reason why they are arrested. Putin's party (United Russia) is like a big criminal enterprise. They keep the Russian citizens fooled by playing the hyper-nationalism card. The other topics (such as poverty, unemployment.etc) gets sidelined when they keep this issue alive. Putin has flooded every nook and corner of Russia with Central Asian criminal migrants. The ordinary Russians are under threat of constant violence from these criminals.

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[Argoo]

The problem with the Russian ruble will continue to worsen. The world, and first of all Europe, has taken a course towards a gradual transition to renewable energy sources, and therefore the consumption of gas and oil will fall. In addition, Russia is now pursuing an extremely aggressive foreign policy, relying on strength and its military might. And this can only give a temporary effect, which ends in a dead end. Until Russia returns the seized territories of Ukraine, and Putin is not yet going to do this, the sanctions will only intensify and there may be a complete international ban on the purchase of Russian gas and oil. We are now seeing further depreciation of the ruble after Biden called Putin a murderer. This situation will only get worse.

If you think that sanctions will force Putin to cede the territories under Russian control, then you are mistaken. He can't do that, because if he concedes these demands then the strongman image that he has built over so many decades will be lost and his political career will be finished. And I am 100% sure that his successor will be even more aggressive when compared to Putin. Already names such as Ramzan Kadyrov and Seregey Shoigu are being talked about as potential successors to Putin.

Putin simply blackmails the entire civilized world with the use of military force and behaves like a mawpa with a grenade. He is leading a once strong country to impoverishment and disintegration of territory. Japan and China are already determined to start taking away from Russia the territories they consider to be theirs. Really,
if Putin can do it, then why not do it to others with the territory of Russia. The robber must be dealt with by his own methods. We will soon see the fall of this "strong" ruler.

[LUCKMCFLY]

In this recent article they talk about the galloping inflation in Russia for its worrying figures of 72RUB per dollar to 77 Rubles per dollar, in addition to that one of the most important items that is food has increased substantially to almost 12% compared to last year .



It could be said that in one year they have suffered an inflation of almost 5.8% since last year, to be more exact since May 2020.

According to the Economic Development Minister Maxim Reshetnikov:

“We understand that [it is impossible] to fight inflation, which is non-monetary in nature, with only one rate, because we talk a lot about the fact that this inflation by and large is imported from the world food markets… But if we go following this path, the price will be a reduction in investment lending in the economy.”

Source: https://www.trustnodes.com/2021/04/09/inflation-in-russia-getting-out-of-hand

Some managers of the Russian government say that this inflation rate is due to External inflation, producing Internal inflation, but it is a statement that in my case I understand little, for me, inflation is inflation, Putin may be thinking of a plan to lower this inflationary rate, meanwhile it is convenient for Russians to take Bitcoin into consideration.

[Kong Hey Pakboy]

Russia is a great country but sadly never been managed as its need to be because mostly corrupt peoples take authorities and use this all for personal ego never for this country right now Putin is also doing as happened in the past, but few things are giving positive indicators if they are able to bring some better system then surely they can improve their structure, and surely they can take some good advantages over many countries.

As long as Putin is the leader of the country which tolerates and is opely corrupt, the problem in Russia will not stop and I don't think that he will be stepping anytime soon since we all know that any power hungry leader will not step down easily and there is no clear successor to him like Medvedev on which he is his puppet too.

[Hulhala15]

Totally agree that Russian currency and economy is in a big danger. Recently Russian officials decided to get rid of dollars in Russian National Wealth Fund, which even increases risks associated with the currency.

[Ozero]

Russia is a great country but sadly never been managed as its need to be because mostly corrupt peoples take authorities and use this all for personal ego never for this country right now Putin is also doing as happened in the past, but few things are giving positive indicators if they are able to bring some better system then surely they can improve their structure, and surely they can take some good advantages over many countries.

As long as Putin is the leader of the country which tolerates and is opely corrupt, the problem in Russia will not stop and I don't think that he will be stepping anytime soon since we all know that any power hungry leader will not step down easily and there is no clear successor to him like Medvedev on which he is his puppet too.

Having unleashed wars of conquest with his neighbors for the annexation of their territory to the Russian Federation, Putin in the 21st century has led Russia to such a dead end that it is no longer possible to get out of it without heavy losses. These are not the Middle Ages, where everyone who felt stronger than their neighbor considered it their right to kill him and take his property. Now, albeit very ineffectively, there is a system of collective security and international sanctions. Therefore, Putin leads the country to complete isolation from the outside world.
Putin has already killed several tens of thousands of people on the territory of Ukraine with the hands of his military and continues to argue that, it turns out, these are fraternal peoples and they need to live together. I have never seen such impudence and such open cynicism.
 Large inflation and significant difficulties in the financial system in Russia are still nonsense. This country with its current criminal leadership still faces real difficulties, up to the loss of a significant part of its territory and statehood.

[DrBeer]

Russia is a great country but sadly never been managed as its need to be because mostly corrupt peoples take authorities and use this all for personal ego never for this country right now Putin is also doing as happened in the past, but few things are giving positive indicators if they are able to bring some better system then surely they can improve their structure, and surely they can take some good advantages over many countries.

As long as Putin is the leader of the country which tolerates and is opely corrupt, the problem in Russia will not stop and I don't think that he will be stepping anytime soon since we all know that any power hungry leader will not step down easily and there is no clear successor to him like Medvedev on which he is his puppet too.

You shouldn't think that it's about Putin ... Putin is just a projection of desires, an addict, the mentality of the population of Russia. Believe me - if he dies, is killed by his own "colleagues", or is overthrown by people - the next one who is not elected will be exactly the same usurper, thief, murderer, liar, denying logic, laws, principles and rules adopted in the modern developed and adequate world ... The thing is that everything that is listed above is considered almost heroism and greatness in Russia ... To understand, you need to go and live there, you will discover a lot of "amazing". And many things in their lives will simply go beyond logic for you!

[bryant.coleman]

You shouldn't think that it's about Putin ... Putin is just a projection of desires, an addict, the mentality of the population of Russia. Believe me - if he dies, is killed by his own "colleagues", or is overthrown by people - the next one who is not elected will be exactly the same usurper, thief, murderer, liar, denying logic, laws, principles and rules adopted in the modern developed and adequate world ... The thing is that everything that is listed above is considered almost heroism and greatness in Russia ... To understand, you need to go and live there, you will discover a lot of "amazing". And many things in their lives will simply go beyond logic for you!

How can you be so sure? Russian people have suffered enormously under both Boris Yeltsin and Vladimir Putin. It is not right to blame an entire community for their misfortune. I just hope that the next president will be someone who cares for the ordinary Russian. I have heard a lot of good things about Alexei Navalny. I have watched his interviews, and looks like he is just the type of guy Russia needs right now. Maybe one day they will have a fair election and someone who cares for them will be elected to the chair.

[DrBeer]

You shouldn't think that it's about Putin ... Putin is just a projection of desires, an addict, the mentality of the population of Russia. Believe me - if he dies, is killed by his own "colleagues", or is overthrown by people - the next one who is not elected will be exactly the same usurper, thief, murderer, liar, denying logic, laws, principles and rules adopted in the modern developed and adequate world ... The thing is that everything that is listed above is considered almost heroism and greatness in Russia ... To understand, you need to go and live there, you will discover a lot of "amazing". And many things in their lives will simply go beyond logic for you!

How can you be so sure? Russian people have suffered enormously under both Boris Yeltsin and Vladimir Putin. It is not right to blame an entire community for their misfortune. I just hope that the next president will be someone who cares for the ordinary Russian. I have heard a lot of good things about Alexei Navalny. I have watched his interviews, and looks like he is just the type of guy Russia needs right now. Maybe one day they will have a fair election and someone who cares for them will be elected to the chair.

How ? It's very simple - I was born and lived there! Even when there was the USSR, this part was called the RSFSR. There I still have relatives, friends of my parents, and we regularly contact, and I see how there is a constant deformation of personality, values ​​...
And I, for example, did not suffer, because my family was lucky enough to move to live in Ukraine, and this is a completely different country, with completely different values, quality of life, mentality of the people ...

You really have no idea what kind of perverted mentality there is! Under Yeltsin, the Russians just got a window of opportunity, which they then boarded up with planks by the hands of Putin and his team. Now a system has been built there, based on a group of real criminals, both domestic and international. The people are just a resource to achieve their goals, or a consumable that no one cares about ...

Is Alexei Navalny a good guy? Let's ask a simple question - how do you think this "good guy" is against state Russian terrorism, imperial ambitions and violation of international laws with the subsequent seizure of foreign territories? The question is very simple, and it can only have 2 possible answers: "Yes", is Navalny an honest politician who respects international and universal human values, and "No" - is he the same terrorist as Putin, just speaks beautifully? Please - give your answer and explain it?

The fact that he was being hounded, and in an absolutely inhuman way, is not an indicator of his "normality", it is a "fight of rats in a bank" ...

[russell74]

Since the 80s or until now, Russia has always been a strongly developed country as well as the US, UK, France and China in terms of goods as well as resources and weapons. a country that makes China afraid, but if Russia's economy is not what it used to be, it will be a matter of great concern.

[uneps]

The Russian currency, the ruble weakened, the impact of geopolitical conditions and concerns over emerging market disruptions in risk assets.
The ruble lost 0.1% against the EU currency to 79.67/euro, remaining under pressure even though the central bank halted daily purchases of foreign currencies last week.
Considerable problems with geopolitical premiums and global sales of developing country currencies.
United States sanctions against Russia relating to the attack on a former Russian agent in the UK.
US senators are also preparing a bill that includes restrictions on investment in Russia's new sovereign debt and bans some state-run Russian banks from operating in the US.

[DrBeer]

Since the 80s or until now, Russia has always been a strongly developed country as well as the US, UK, France and China in terms of goods as well as resources and weapons. a country that makes China afraid, but if Russia's economy is not what it used to be, it will be a matter of great concern.

You are a little confused. Russia received a huge, powerful legacy from the USSR. This includes industry, technology, finance, industrial facilities, oil / gas systems and much more, built by the forces of all 15 republics. This reserve allowed it to exist quite well, and plus the rise in oil prices in the early 00s, filled the budget with huge amounts. BUT. If you do not develop, sooner or later everything begins to degrade ... And Russia was no exception - all the old began to collapse, and they essentially did not create anything new. I already once wrote that having received trillions of dollars from oil and gas trading, they did not think of anything better how to steal most of it, and essentially eat up the remainder, but not invest in development, economy, technology. All "fabulous" technologies, in fact, turned out to be for the most part a lie, their implementation and even more so the application is under a huge question! NO and plus the status of "toxic country", "country of terrorist" also does not give them a reason to count on positive prospects

[Sithara007]

You are a little confused. Russia received a huge, powerful legacy from the USSR. This includes industry, technology, finance, industrial facilities, oil / gas systems and much more, built by the forces of all 15 republics. This reserve allowed it to exist quite well, and plus the rise in oil prices in the early 00s, filled the budget with huge amounts. BUT. If you do not develop, sooner or later everything begins to degrade ... And Russia was no exception - all the old began to collapse, and they essentially did not create anything new. I already once wrote that having received trillions of dollars from oil and gas trading, they did not think of anything better how to steal most of it, and essentially eat up the remainder, but not invest in development, economy, technology. All "fabulous" technologies, in fact, turned out to be for the most part a lie, their implementation and even more so the application is under a huge question! NO and plus the status of "toxic country", "country of terrorist" also does not give them a reason to count on positive prospects

The government also wasted a large part of its tax money on unproductive deals. A perfect example is the purchase of TNK-BP, which was made for $55 billion. $40 billion was paid in cash and the remainder was paid in shares of Rosneft. BP received around $15 billion, while the remainder went to four oligarchs who were the promoters of TNK-BP. The company was later merged with Rosneft. The stupidity of this deal will be clear, when you notice that even after a decade the Rosneft market cap accounts for just $80 billion. There were many similar deals under Putin, in which Russian tax revenue was stolen and distributed among the oligarchs.

[DrBeer]

You are a little confused. Russia received a huge, powerful legacy from the USSR. This includes industry, technology, finance, industrial facilities, oil / gas systems and much more, built by the forces of all 15 republics. This reserve allowed it to exist quite well, and plus the rise in oil prices in the early 00s, filled the budget with huge amounts. BUT. If you do not develop, sooner or later everything begins to degrade ... And Russia was no exception - all the old began to collapse, and they essentially did not create anything new. I already once wrote that having received trillions of dollars from oil and gas trading, they did not think of anything better how to steal most of it, and essentially eat up the remainder, but not invest in development, economy, technology. All "fabulous" technologies, in fact, turned out to be for the most part a lie, their implementation and even more so the application is under a huge question! NO and plus the status of "toxic country", "country of terrorist" also does not give them a reason to count on positive prospects

The government also wasted a large part of its tax money on unproductive deals. A perfect example is the purchase of TNK-BP, which was made for $55 billion. $40 billion was paid in cash and the remainder was paid in shares of Rosneft. BP received around $15 billion, while the remainder went to four oligarchs who were the promoters of TNK-BP. The company was later merged with Rosneft. The stupidity of this deal will be clear, when you notice that even after a decade the Rosneft market cap accounts for just $80 billion. There were many similar deals under Putin, in which Russian tax revenue was stolen and distributed among the oligarchs.

It's nice to communicate with a person who was able to understand the "multi-moves" of the Kremlin "players", and build a cause-and-effect relationship!
In fact, the simplified situation in Russia is the seizure of power by a criminal group based on law enforcement agencies (FSB, Ministry of Internal Affairs, SVR, etc.) that monopolized the management and ownership of all the resources of Russia, the purpose of which is to sell everything that is possible and withdraw capital to " safe haven "- EU / US / UK, etc. At the same time, for self-satisfaction, to preserve total, almost feudal power over the people, keeping them in systemic information profanation, and explaining all the troubles with "external enemies" and "world conspiracies against Russia."

[bryant.coleman]

It's nice to communicate with a person who was able to understand the "multi-moves" of the Kremlin "players", and build a cause-and-effect relationship!
In fact, the simplified situation in Russia is the seizure of power by a criminal group based on law enforcement agencies (FSB, Ministry of Internal Affairs, SVR, etc.) that monopolized the management and ownership of all the resources of Russia, the purpose of which is to sell everything that is possible and withdraw capital to " safe haven "- EU / US / UK, etc. At the same time, for self-satisfaction, to preserve total, almost feudal power over the people, keeping them in systemic information profanation, and explaining all the troubles with "external enemies" and "world conspiracies against Russia."

Putin came to power in 1999 and at that time a lot of people in Russia thought that he would be better than Yeltsin. And he managed to fool the ordinary Russians, at least during the first 10-15 years of his reign. All this propaganda, such as global conspiracy against Russia and NATO bases in former USSR states was a diversionary tactic, to deviate attention from the massive theft of natural resources that was taking place in Russia. By now, people seems to have realized his intention. No more than 30%-35% turn up for the elections (which are rigged anyway). Most of those who can't emigrate seems to have resigned to their fate.

[DU18]

Since the 80s or until now, Russia has always been a strongly developed country as well as the US, UK, France and China in terms of goods as well as resources and weapons. a country that makes China afraid, but if Russia's economy is not what it used to be, it will be a matter of great concern.

In terms of weapons, maybe many countries make Russia and America as their mecca now, but in terms of the economy, of course, China still has a big enough influence on the world economy and in my opinion now China is the ruler of the world economic market and it will be very difficult for Russia and the  other countries in world  to compete, especially when there is often a trade war between Russia and America so that without realizing it China has taken advantage of this to be able to dominate the world economy today.

[DrBeer]

It's nice to communicate with a person who was able to understand the "multi-moves" of the Kremlin "players", and build a cause-and-effect relationship!
In fact, the simplified situation in Russia is the seizure of power by a criminal group based on law enforcement agencies (FSB, Ministry of Internal Affairs, SVR, etc.) that monopolized the management and ownership of all the resources of Russia, the purpose of which is to sell everything that is possible and withdraw capital to " safe haven "- EU / US / UK, etc. At the same time, for self-satisfaction, to preserve total, almost feudal power over the people, keeping them in systemic information profanation, and explaining all the troubles with "external enemies" and "world conspiracies against Russia."

Putin came to power in 1999 and at that time a lot of people in Russia thought that he would be better than Yeltsin. And he managed to fool the ordinary Russians, at least during the first 10-15 years of his reign. All this propaganda, such as global conspiracy against Russia and NATO bases in former USSR states was a diversionary tactic, to deviate attention from the massive theft of natural resources that was taking place in Russia. By now, people seems to have realized his intention. No more than 30%-35% turn up for the elections (which are rigged anyway). Most of those who can't emigrate seems to have resigned to their fate.

This is exactly what it is! The only caveat, you probably won't believe it, tk. it will not sound logical, but it is a fact - they go and vote for him. Those who walk. Those who do not go to vote, just say - why go if they "elect" Putin anyway, we believe in him, he "lifted Russia from its knees" legs, giving strength "). The majority of the population says - "and for whom to vote if not for Putin? All the rest are enemies of Russia!" This is of course nonsense, but on the other hand, this is an indicator of how well their propaganda works ...

[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.

So far, I see strong problems in Russia, including in terms of the exchange rate value of the ruble, and because of the aggressive international policy being pursued. Now the Russian government has seized and has been holding part of the territory of the neighboring state of Ukraine for the eighth year, which is why it has been subjected to unprecedented international sanctions. It is they, as well as the declining international authority of the Putin regime, that are putting this country on the brink of survival. At the same time, Putin's regime is constantly balancing on the brink of unleashing the Third World War with the entire civilized world. Who wants to deal with the unpredictable mawpa with a grenade? For now, it is better to bypass Putin with his falling ruble.
Moreover, Europe has taken a course towards a gradual reduction in the use of carbohydrate energy sources, and therefore Russia's natural reserves of oil, gas and coal will soon cease to be Russia's trump card. It would indeed be a disaster for her then.

[dimox]

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.

Did you mean the liquidity of the cash flow? Russia is exporting most of its natural resources and weapons to regional countries, while imports are related to consumer goods and foodstuffs.
If in the future they can no longer sell weapons and export products from their own national resources, the economy of this country is very worrying.

yeah, country economic depend on export and import. if they have import, mean have big export to have impact, to balance what they have.
im not sure if people use crypto as escape way from this trouble, people still cash their crypto and survive in that situation. if this happen for a long time, there is no change will get in future, just keep survive for daily life, for own life.

[bryant.coleman]

With the natural gas/crude oil prices at all time high levels, I thought that the RUR would be in a much stronger position. What is going on now? I just checked the USD vs RUR exchange rate, and it is still stuck at 75-76 level. Why there is no improvement despite the massive revenue inflow? Once I used to think that Vladimir Putin was godsend gift for the people of Russia, to free from from the loot of Boris Yeltsin. But now I am realizing that Putin is even worse than Yeltsin. Feels bad for the ordinary Russians.