|
Russia faces total chaos as Ruble slides without a floor as oil price collapses
Bobby Martha
Dec. 28, 2008
The Russina cirrency is in deep trouble. Russia is bracing for further unrest as the rouble on Friday slid to a new low against the euro after a succession of moves to devalue its currency.
Russia continues its devaluations od Ruble designed to offset the impact of the global economic crisis and falling oil prices as the country’s main export commodity approached its lowest level since 2004.
The result is massive unrest and chaos within the countrey.
The new fragile capitalism in Russia may be short lived unless the oil price rise back to $70 a barrel level afst.
Russia’s main export in oil and natural gas. Global depression has caused oil futures to collapse 80% in price. Natural gas demand in Europe is also very low.
WORLD ARTICLES
Russia faces total chaos as Ruble slides without a floor as oil price collapses
Bobby Martha
The Russina cirrency is in deep trouble. Russia is bracing for further unrest as the rouble on Friday slid to a
READ MORE>>
Israel to launch a ground attack with massive numbers of tanks on Gaza anytime
Sudhir Chadda
Dozens of tanks and armored personnel carriers were massing at different...
READ MORE>>
Israel strikes Hamas security infrastructure in Gaza killing more than 250 including school children – what does Obama say?
Nitin Bhavshar
Israeli air offensive followed weeks of intense Palestinian rocket and mortar fire on southern...
READ MORE>>
India conveys to China and America about Pakistan avoiding responsibilities in bringing terror masterminds to justice
Shobha Pundit
New Delhi believes that the US has the leverage with Pakistan that it can use to make that...
READ MORE>>
Russian President Dmitry Medvedev's maiden visit to India pushes India–Russia relation to new acme
Balaji Reddy
The defence cooperation still remains the pivot of Indo-Russian relationship...
READ MORE>>
India prepares for decisive surgical strikes to Kiani’s secret terror camps – Pakistan moves troops to Indian border for an all out war
Sudhir Chadda
Indian intelligence and military are now ready to take Kiani’s secret men out within...
READ MORE>>
Russia claims US Special Forces in plain clothes fought along with Georgians against Russian Military – will Obama come out with the truth?
Shobha Pundit
The U.S. Embassy has denied Russian investigators' claims that American volunteers fought on...
READ MORE>>
MORE ARTICLES >>
| 
Add RSS headlines