yaesu
yaesu's JournalRouble crashes 30% as market opens
The rouble plunged nearly 30% to an all-time low versus the US dollar on Monday as markets openbed for trading on the first day after western nations announced punishing economic sanctions on Russia for its invasion of Ukraine.
The rouble dropped to as low as 119 per dollar, and was last down 28.77% at 118 from its closing price 83.64 on Friday.
The sanctions include blocking some Russian banks from the Swift international payments system, leading investors to anticipate a run on the Russian currency as people try to change their money for dollars and other denominations.
“The escalating crisis in Ukraine will force markets to price in a substantially higher geopolitical risk premium,” strategists at the Australian bank Westpac said on Monday. “The Ukrainian situation is volatile.”
I deleted my earlier thread about the forecasted 20 drop, reality blew right through that forecast
The European Central Bank said on Monday morning that Sberbank Europe, a fully-owned subsidiary
of Sberbank Russia, which in turn is majority-owned by the Russian state, is failing or likely to fail along with its Croatian and Slovenian units.
“Sberbank Europe AG and its subsidiaries experienced significant deposit outflows as a result of the reputational impact of geopolitical tensions,” the ECB said in a statement. “This led to a deterioration of its liquidity position.
“There are no available measures with a realistic chance of restoring this position at group level and in each of its subsidiaries within the banking union.”
US citizens should consider departing Russia immediately via commercial options still available,
the department of State said on Sunday. “An increasing number of airlines are cancelling flights into and out of Russia, and numerous countries have closed their airspace to Russian airlines.
For the first time in its history the EU will finance & send lethal weapons to a country
The European Union will purchase weapons for Ukraine as it fights against Russia’s invasion, officials said Sunday.
“For the first time ever, the European Union will finance the purchase and delivery of weapons and other equipment to a country that is under attack, Ursula von der Leyen, the European Commission president, said.
A commission source told Reuters it planned to spend €450m in EU funds on weapons for Ukraine, and an additional €50m on other items including medical supplies.
Ukraine capital is "encircled" a civilian evacuation not be possible all ways are blocked UPDATE!
Vitali Klitschko, Kyiv’s mayor and former world heavyweight boxing champion, has described the Ukraine capital as “encircled” and said a civilian evacuation would not be possible “because all ways are blocked”.
“We are at the border of a humanitarian catastrophe,” he told Associated Press on Sunday as a curfew continued in the city which he said allowed authorities to hunt “saboteurs” on the streets. “Right now, we have electricity, right now we have water and heating in our houses. But the infrastructure is destroyed to deliver the food and medication.”
this is the tactic the USSR used securing Berlin in WWII.
UPTATE 4PM est
Kyiv mayor: reports capital surrounded by Russian forces are false
The mayor of Kyiv has said reports that the capital is surrounded by Russian forces are false.
“In the evening, Russian online publications spread information with reference to me that Kyiv was allegedly surrounded and evacuation of people was impossible,” Vitali Klitschko said in a statement. “And it is strange that Ukrainian telegram channels started to spread it… Do not believe lies! Trust information only from official sources. Together, we will stand together. Ukraine will win!”
A spokesperson for the mayor told the Kyiv Independent that Klitschko misspoke earlier Sunday, and that information about Russian troops encircling the city is “a lie and a manipulation”.
Satellite images on Sunday showed a 3.25-mile long deployment of Russian forces advancing toward Kyiv.
So, if you can't even trust news from Ukraine officials who can you trust?
One of Britain's biggest companies, BP, said on Sunday it had decided to exit its 19.75 % stake in
Russian oil giant Rosneft. It is a significant move that could cost the company up to $25 billion.according to figures in its own statement.
BP Chief Executive Bernard Looney, who will step down from the Rosneft board with Bob Dudley, former chief executive, said the invasion “caused us to fundamentally rethink BP’s position with Rosneft.” He said he had been “deeply shocked and saddened” by the situation. BP has owned almost a fifth of the oil giant since 2013 and it accounted for half of the oil reserves that BP had in the ground, the Guardian understands.
and the hits just keep on coming to pooty's empire.
One thing for sure is going to be nuked Monday morning
The Russian ruble & economy:
Sergei Aleksashenko, a former deputy chairman of Russia’s central banks, said “there is going to be a catastrophe” on the Russian currency market on Monday. “I think they will stop trading and then the exchange rate will be fixed at an artificial level just like in Soviet times,” he added.
Michael Farr, chief executive of financial consulting firm Farr, Miller & Washington, said of the impact on global markets: “This could be a surprise that is not taken very well if it means a slowdown in international trade.”
The German railway, Deutsche Bahn, has said that refugees with a Ukraine passport or identity card
will be able to travel free on long-distance trains from Poland to Germany. Per the Guardian.
"there is going to be a catastrophe"
Sergei Aleksashenko, a former deputy chairman of Russia’s central banks, said “there is going to be a catastrophe” on the Russian currency market on Monday. “I think they will stop trading and then the exchange rate will be fixed at an artificial level just like in Soviet times,” he added.
Michael Farr, chief executive of financial consulting firm Farr, Miller & Washington, said of the impact on global markets: “This could be a surprise that is not taken very well if it means a slowdown in international trade.”
In other words, this could mean one of the worst economic disasters for Russia in decades.
Elon Musk says SpaceX's Starlink satellites active over Ukraine
after a request from Ukraine’s Minister of Digital Transformation, Mykhailo Fedorov.
Fedorov tweeted Musk:
While you try to colonise Mars — Russia try to occupy Ukraine! While your rockets successfully land from space — Russian rockets attack Ukrainian civil people! We ask you to provide Ukraine with Starlink stations and to address sane Russians to stand.”
Musk responded:
Starlink service is now active in Ukraine. More terminals en route.”
twitter.com/elonmusk/status/1497701484003213317
Profile Information
Name: LouGender: Male
Hometown: Michigan
Home country: USA
Current location: Behind enemy lines in W MI
Member since: Sun Jan 27, 2019, 12:44 AM
Number of posts: 8,020
