Page 38 - Ruble News Today

We are witnessing the potential destruction of globalization and the fragmentation of the global economy into competitive but somewhat isolated trading groups.

Russia's foreign currency payment rating has been downgraded after Moscow used rubles to make a dollar-denominated debt payment earlier in the week, a move that rating agency S&P Global said casts doubt Russia's ability or willingness to honor its obligations to foreign debtholders.

Terrorism. these people are worried. >> could this turn into a global crisis when it comes to the availability of wheat and other products people are hurting for right now because of whats happening. >> of course in the short to medium term. this is what were talking about, something thats really interesting. when you at whats happening in the stock market, theres a huge disconnect as so often is the case between the market and the real economy, and talking about inflation, were talking about th...

Us that report. really appreciate it. joining us now, nola haynes, international relations professor at pepper dine university. thank you so much for being with us, nola, love having you on the show. given the images we have seen out of bucha, the world saw mounting evidence of russian, are the current sanctions in place adequate because they dont seem to be stopping these atrocities? >> thank you so much, tiffany, for having me back, especially on this historic weekend, black girl magic, goin...

The surge in the ruble is less a reflection of the strength of Russia's economy, than of the government's strict capital controls.

The recent sharp strengthening of the ruble "does not pose a risk to Russia's fiscal policy," the finance ...

The unscheduled rate change came after the ruble had regained most of its losses since Russia invaded Ukraine.

Russia's central bank on Friday slashed its key interest rate by three percentage points to a still-high 17 percent, justifying the move by saying that risks to financial stability had softened as emergency measures brought deposits back to banks and helped quell inflationary pressures.

A couple different ways. just a couple days ago secretary blinken spoke to the russian people over telegram, a social media platform popular in russia. we have appeared on russian tv. we have used every lever at our disposal to try to get accurate information in to counteract this propaganda. >> gillian: so, ned, you just laid out the output on behalf of the administration, what state department and others are trying to do but at the same time we have not seen widespread evidence of any kind of ...

Energy, russian oil, russian coal, russian natural gas in the u.s. we are -- we are in discussions with the rest of the world to follow suit. >> i said to him that all the sanctions theyre doing are very aggressive and yet it really seems as though the only thing that would stop putin would be to cut off all of the funding, the hundreds of billions of dollars that go to russia for these oil and gas exports from russia. what else should the u.s. be doing? >> a lot more, jake. the sanctions are he...