Page 45 - Ruble News Today

The fast few mornings has been the impact on russia. one thing we havent talked about is the economic fall-out. the stock exchange here in russia had to be suspended in the early hours of the morning. as i mentioned the ruble is falling. what will it do to the russian economy. frankly the uncertainty and the uncertainty of how the war will play out. what will it do to the russian economy and to the views of ordinary russians? then, of course, will that leave president putin feeling more vulnerab...

The ruble. how quickly will that happen and are you worried that russians will retaliate? >> this is happening very, very quickly, and sanctioning the central bank keeps the central bank from providing protection to the ruble and to the russian economy. again, i cant speak for how the russians will respond to this. vladimir putin is very unpredictable. so it remains to be seen how he responds, but he should know when he responds, we will be prepared to respond as well. >> youve seen some remarka...

Yes. again, we do not have the specific details of the sanctions on the central bank. but based on what we have saw from the white house, they spelled it out it is essentially saying that whatever the restriction will be, it is to prevent russia from getting its hands on its own money that is stashed abroad. and as ralph mentioned, that money, one of the -- all of the countries have foreign reserves. and most of them love to have them in the u.s. dollar and euro. so that is not uncommon. but, wh...

Think the job for american policy is to try to squeeze them, to force them to take a stand on this and use their leverage with russia to get putin to back off this dangerous course he is on. >> we are certainly seeing these sanctions squeeze putin. news that the ruble is down 30%. weve also applied these export controls which stops countries from sending things in my computer chips. china is supplying 70%. my question is can russias solely depend, can they survive long enough with just the suppo...

It, its tied up in securities and the story not adequately reported yet brokers in all the banking centers, not only just new york, wall street, but in london, in switzerland, frankfurt and whatever, brokers are not transacting any securities with respect to the russian rule book, none, nada. the ruble has collapsed. >> sandra: ill ask you this question. a headline -- i dont know where the payments are going through, thats something -- >> sandra: not on swift. >> swift is not a payment system. t...

Cant access is because thats money they have over 640 billion in reserves, thats money they could use to prop up the ruble and finance the violence machine in ukraine now and now they wont be able to do that. >> what youre talking about s, the 640 approbillion in reservee rainy day fund putin has been amassing to insulate himself for this very occasion. why this time cant he access it? >> thats right. the reason he cant access it is because the sanctions that have been announced prohibit u.s. pe...

Theyre not waiting for services or anything like that. theyre actually waiting for a train to go back to ukraine. some of them going back to fight. chris? >> thank you so much, kelly. heartbreaking scenes of people being torn out of their homes, feeling compelled to go back to where the fighting is to take up arms themselves, even though theyre not obviously part of the military. the west continuing to amp up the pressure. we saw new sanctions on russia this morning. one, how much impact is it h...

$630 billion of foreign reserves are no longer so impressive. they cant be used to support the ruble because no u.s., uk or european institution is allowed to trans act with it. thats why the ruble went into free fall. they lost 30% of the value today. its worth less than a penny. thats going to lead to surging inflation in russia, a reduction in purchasing power, and a deep economic recession. its a raw deal for the russian people. and we expect its going to exchange the strategic calculus. >> ...

Sector by all members of nato. well, president zelensky said today, and its probably the most consequential speech ive ever heard at munich, the president of ukraine, he says the lack of writing it down now makes putin believe its not going to happen later. and if you really believe an invasion is anytime soon now, well, why wouldnt you tell putin and ukraine whats going to come putins way and the help coming to ukraines way? we made a mistake here, so i cant rectify that mistake in the next 48 ...

Atrophy. as i mentioned before, look at the baseline conditions in russia. inflation is already 8.7%. government borrowing rates are above 10%. ruble, the russian ruble is the worst performing among any major market currencies. as we implement sank sanctions export controls, russia will take a negative hit, inflation spikes, interest rates rise, economic growth slows, and their ability to diversity and modernize their economy gets shut down. meanwhile, nato will be fortified. europe will diversi...