EMerging Equity
Rouble
Russia, China Mock “Divide And Rule” – OpEd
By Pepe Escobar The Roman Empire did it. The British Empire copied it in style. The “Empire of Chaos” has always done it. They all do it. Divide et impera. Divide and rule – or divide and conquer. It’s nasty, brutish and effective. Not forever though, like diamonds, because empires do crumble. A room with a … Continue reading
Eurasian Economic Union Is Open For New Partners, Putin Says
The Russia-led Eurasian Economic Union has huge potential to expand and is open to cooperation with partners in the East and West, President Vladimir Putin said at the EEU summit in Moscow. “The increase in the number of members is beneficial to the union itself. It boosts its market capacity and contributes to the strengthening … Continue reading
China Challenges U.S. Economic War Against Russia
By Alex Lantier Directly challenging the NATO powers’ policy of cutting off credit to Russia to undermine the ruble and bankrupt the Russian economy, China is pledging to extend financial aid to Moscow. On Saturday, Chinese Foreign Minister Wang Yi stressed the need for mutual aid between China and Russia in remarks on the ruble … Continue reading
Bank Bailouts Begin As Russia Faces Biggest Challenge To Date
By Dr. Anastasia Nesvetailova The dramatic slide in the value of the rouble has claimed its first banking casualty. Trust Bank is being bailed out by the Russian Central Bank to the tune of US$530m. The emergency liquidity line is intended as life support for one of modern Russia’s more established banks. So much for president … Continue reading
Belarus Hikes Interest Rates By 26% To Stave Off Crisis
By Ben Aris BNE Danske Bank reported late on December 22 that the National Bank of Belarus has hiked interest rates by 2,600 basis points (26%) to stop the Belarusian ruble from collapsing. Queues formed outside currency exchange kiosks last week as the effects of the tanking Russian ruble spilled over the border and destabilized … Continue reading
Free Fall Of The Ruble: Who’s Behind It? A Ploy of Russia’s Economic Wizards? Whose Chess Game?
The world is still hell-bent for hydrocarbon-based energy. Russia is one of the world’s largest producer of energy. Russia has recently announced that in the future she will no longer trade energy in US dollars, but in rubles and currencies of the trading partners. In fact, this rule will apply to all trading. Russia and … Continue reading
What Putin Is Not Telling Us: The Raid On The Ruble Was Supposed To Be A Checkmate. It’s Not
By Pepe Escobar Even facing what under any circumstances is a perfect storm; President Putin delivered an extremely measured performance at his annual press conference and Q&A marathon. The perfect storm evolves in two fronts; an overt economic war – as in siege by sanctions – and a concerted, covert, shadow attack to the heart … Continue reading
President Putin’s 10th Annual Press Conference – Recap
The President’s news conference was broadcast live by Channel One, Rossiya-1 and Rossiya-24 TV channels, and by the Radio Rossii, Mayak and Vesti FM radio stations. 1259 Russian and foreign journalists have been accredited to cover the news conference. By The Kremlin PRESIDENT OF RUSSIA VLADIMIR PUTIN: Good afternoon, colleagues. I am very happy to … Continue reading
2014 Q&A Marathon: Public Awaits Putin’s Take On Watershed Year For Russia
The much-anticipated Q&A marathon by Russian President Vladimir Putin is expected to be heavy on economics and politics following major geopolitical shifts this year. RT is broadcasting it live for international audiences. Russian President Vladimir Putin is holding a press conference on the pressing issues of the day, including the economic turbulence and volatility of … Continue reading
How Does The 2014 Ruble Crisis Compare With The 1998 Vintage?
By Ben Aris BNE The ruble’s crash on December 15 from RUB53 to nearly RUB80 vs the dollar has caused many commentators to compare this crisis to Russia’s financial collapse in 1998. Is Russia really going into a full-scale meltdown for the fourth time in two decades? Crashing oil prices are driving this crisis as … Continue reading
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