Page 54 - Ruble News Today

Friday is important. because that means that russia cannot deal in dollars anymore. they are hitting the central bank, thats a declaration of war on the national authority. it hits every element of the russian economy. as soon as the markets here that, you just tell everything, theres no discrimination anymore. a free thing as the go. because the ruble is going to devalue right now, its not fallen as much as you expect, as they basically clamp down on all currency trading. you cannot take machin...

The only way we can do that is for germany to get more oil from saudi to the us, iran, whoever it may be an cut off all the financial commerce between russia and everyone else. this would be crippling. there are other systems russia and china can move around. very few banks on it. this is an end game for russia but this would take them down to the worst-case scenario. you would have a run on the banks, a run on the ruble, a run on the market and im glad to point out what you recently said. germa...

Alicia: lets talk about what the russian people are going to be feeling this morning. liz claman point out apple pay will stop working. the ruble is dropping value. there are thousands of people protesting in russia. thousands arrested in st. petersberg. even those these arrests are pretty brutal. >> the russian people are pretty fed up. their police already some of the. -- already soft. they know the risks of this. and they are the ones with what zelensky has done well, his troops are allowing ...

They are having an effect. we are seeing the ruble tank. interest rates in russia sky-high. these are things -- i wonder if putin expected this? >> really good question. because after he invaded crimea in 2014, it took a year for the world community to put together some sanctions, and they didnt mean a whole lot. so this is taking place in a weekend partly because it was so well-organized and corchestrate prior to this time. we have seen a lot since friday. the germans moved from, were not sure ...

Bank. the restrictions are a dramatic escalation choking off russia from the rest of the world and shaking the very foundations of its economy. in an acknowledgement of how bad things have gotten, in a bizarre setting, take a look at this picture where he is and where everybody else is, putin summoned his economic advisors to the kremlin and signed a degree on foreign currency to stabilize the ruble. isnt working. russians are lining up to withdrawal money from banks. this is similar to other sc...

Billion in foreign reserves. these are new measures and are aimed at preventing putin from using that money to fund the invasion and to keep russias central bank from offsetting the falling ruble. meanwhile, the swiss president said it was probable that switzerland would follow the eus lead in sanctioning russia and freezing assets. >> steve rattner, we spoke earlier to keir simmons on the streets of moscow and he talked about a near panic setting in with middle class russians. people are being ...

Rates the dollar. weve got the russian market so you can severe hits, and for a time the russia stock exchange ceased trading so there are very real economic impacts that can happen. thats going to be started to be felt by russian citizens. i think theyre not feeling it yet, everyone is very alarmed about the ruble exchange rate. again, we are still in this process here, i think, of really the gravity of the sinking in. were not yet seeing, for example, the kind of unanimous uproar over approval...

Wright. so, jasmine, this will be a very different state of the union address compare today what biden may have been planning just a f few months ago. >> thats right, john. i think they stumed a few months ago, this would be a perfect platform for president biden to talk about a domestic reset when it came to the problems the u.s. is facing. but fast forward to right now, things look a lot different now. and so, he will have to address the -- the crisis in ukraine in this critically important sp...

Odds in the freezing cold is a tough thing to do. but the professional military and civilians are doing it. you mention the humanitarian situation. this is a city under martial law and under curfew. so you cant go out. the stores are closed. you are in your house or basement relying on what you have got. how long can that last for? this could be a dire situation if it extends beyond today. alicia: i have one question regarding the russian people. this morning the markets open and the sanctions s...

Business with the bank. over the weekend the u.s. and european allies imposed restrictions to prevent russias central bank from using its more than $600 billion in international reserves. meanwhile, several of russias top banks were removed from the s.w.i.f.t. global banking system. russias ruble fell to a record low yesterday, and in response the central bank doubled its interest rate to 20%. amid this economic instability, russias stock exchange will stay closed until at least tomorrow. energy...