Page 44 - Ruble News Today

Revealing because the ruble itself is in freefall at record lows, bounce back. if the stocks are bouncing back. is their market would end. and dan is here, ann, the chief investment officer. its one thing what our markets did, i found is intriguing what russias markets did. >> i think thats going to be just some volatility, neil, that remains a little counter intuitive at the time as the market tries to make sense of this. one thing worth looking at, russian bonds have been downgraded to junk st...

Also dramatic developments at the white house. jeff zeleny on the scene for us there. an important announcement, jech? >> reporter: thats right. the u.s. government, white house, pentagon, state department watching the events in kyiv closely tonight and also announcing new sanctions and crippling the financial system in russia. going after the central bank why trying to drop the price of the ruble but also going after the s.w.i.f.t. financial network meaning targeting specific russian banks to t...

Even sliding deeper into an official correction, now down 14% from its most recent high. and the nasdaq, the nasdaq nearing a bear market, a 20% drop from its high, that will happen today when we open here. putins aggression driving global oil prices 8% higher. oil supplies already very tight, the concern now is disruptions from oil flows from russia, from either fighting or from sanctions, hitting russia where it hurts, sanctioning its energy, that could carry a cost for the west. the eu alread...

>> yeah. were clever. do we have the will? the biden administration is slow. the one thing we havent done is go after the oil and gas sector of the russian economy. you have the speaker in the house, one of the most liberal people in the country supporting russian imports being banned. what can we do on the information front? explain what their future looks like under putin. we can crush the ruble. not hurt it. crush their money and start naming names when it comes to his commanders carrying out...

That are the actions that are going to be taken to the russian central bank and all of thacash reserves, some $600 billion, many are held here in the west. the u.s. and european leaders are trying to essentially knock the ruble into free fall. essentially try and block the russian central bank from propping up the economy there, which it has been doing throughout all of these endless rounds of sanctions. so that perhaps is the most significant new development here as well as the s.w.i.f.t. finan...

Billion stockpile is now frozen. russias central bank took emergency action to prop up the ruble which plummeted to a record low of a fraction of a penny per dollar. the russian people are now feeling it. they are lining up at banks and at atms trying and failing to get foreign currency. apple pay, google pay and samsung pay are all off line and prices are rising everywhere. joining me now from moscow is nbc news senior international correspondent keir simmons. >> reporter: were hearing a number...

2006. its not that we have imposed similar sanctions before. those sanctions are tough, if not tougher. its because of russia integration into the international financial system, these will really hit hard. because of the actions we have action that seem to have taken president putin by surprise, they will hit harder. he has asset and the country has assets in europe, in the united states, in switzerland. this action regarding the central bank is unbelievable because russia has a number of -- ou...

What weve done to the ruble. thats been really effective and much faster. quicker impact than a lot of people suspected would be. could we strike here and how do we defend ourselves? >> its a really great question. so, technology is rife with vulnerabilities and what weve been doubling down on both digital and physical resilience and thats been done in three ways. first, pardoning systems. the executive order calling out specific practices, mandating the government would use power procurement to...

This to ukraine, dont even think about it with the nato alliance. i think that would be an important signal to be sending vladimir putin at this moment, ari. >> you mentioned the sanctions. i can show you for viewers, the russian ruble plunging low, a currency, impacting everything from inflation to imports to consumer confidence. the stock market hit as well. evelyn, what is the timeline for this kind of strategy? how long would it take for the economic hit on russia to actually affect what vla...

As markets were opening. the ruble was doing terribly obviously because of these economic sanctions. it is expected to get a heck of a lot worse. and i think the overarching question is when this is going to start to hit the russian people. >> reporter: thats absolutely the right question at this point. how soon are we going to see a run on the banks? are we going the see everyday russians going to the bank and not finding the money they need. the russian central bank said they will make sure at...