Page 79 - Ruble News Today

>> think mafia, where everybody kisses the ring of the boss and he makes lots and lots of money. by sanctioning them, we are putting pressure on all of putins ruling kleptocracy. >> reporter: in 2017, one estimate put putins own worth at over $200 billion. and tonight, the russian ruble has lost nearly half of its value. one ruble now worth a little less than one cent on the dollar. >> and james joins us now from moscow again tonight. and james, you have been reporting here for several days now ...

All of which in addition to punishing western sanctions takes a toll. try taking a disney movie away from a kid or an iphone away from a teenager. in addition to a massive ground stop on western goods and service, the russian economy is showing real strain. russian interest rates are now 20%. the ruble, up less than a penny. massive inflation. russian state media is doing its best to put a positive spin on this invasion of ukraine except you cant call it an invasion in russia, it is called a spe...

And the kids actually did it. >> we are seeing the united states sanctions on russia work. russias economy is in free fall, the ruble is at its lowest point. >> a no-fly zone is more equivalent to boots on the ground military action. >> the type of action would escalate the war further and cause far more damage. >> russia is one of the top three producers of oil. putin is starting this horrific fight between ukraine and russia. nobody want to work with him to do international trade. people war a...

Default on their obligations for the first time since the bolshevik revolution more than a century ago? nina dos santos has the latest. this could happen as early as today. there is a 30-day grace period on the bill. will russia send scarce hard currency abroad? >> reporter: well, theyre making it very clear to countries they deem unfriendly, christine, the answer is no. theyre intimating they would repay these interest payments that have to be paid in dollars, otherwise as you said, russia woul...

Economy. the russian stock market has been closed for days to prevent capital flight, the ruble is worth less, literally worth less than a penny. we have seen all sorts of companies leave russia. but as with all sanctions, these are not an end unto themselves. our sanctions, our measures are a means to an end, and the end that we seek, the end that the international community seeks along with us is to bring this conflict to a close. we want to drive the russians to the negotiating table in a man...

Impact. the ruble is down 50%. their stock market has been closed for a record amount of time. and now most projections are record reductions in russian growth and companies across the board pulling out of russia entirely. this is another step that we can take. we are uniquely positioned compared to our european counterpart. but i want to underscore this step as everything president biden has done is being done in coordination with our european allies. the president spent two hours with european...

Trading today. only 15% of the stocks on the index are actually trading. short selling has been banned. foreign investors are not allowed to sell their shares and thats certainly what she was talking about. he says what were seeing is a sh raid. this is not a real market and not a sustainable model and it really only under scores russias situation. what you cannot obscure is the economic pinch everyday russians will be feeling in russia. the high street, the ruble has lost so much of its value a...

Doing all of which demonstrated were on this side of hardworking british families that swath will continue to do. >> as you say. the prime minister has just made a statement apparently he said we can do more to stop putin from using his gold reserves what should we be doing? >> im not sure the contact exactly with the prime minister has said im talking to you about what i would say is hes taking a lead and deserves enormous credit for galvanizing international opinion to deliver a strong message...

Ive made it clear the united states will share the responsibility of caring for the refugees so the costs do not fallen tirely on the european countries bordering ukraine and yesterday i spoke with my counterparts in france, germany and the united kingdom about russias escalating violence against ukraine and the steps we are going to take together with our allies and partners around the world to respond to this aggression. we are enforcing the most significant package of economic sanctions in hi...

Quite theatrically, sometimes at quite high levels, to give the impression that they are interested in a diplomatic solution when all we see them investing in is this war machine, this effort to aggress pon ukraine and brutalize the ukrainian people. but russia has two problems. one, its war effort is not going to plan. putin has severely miscalculated. hes encountered stiff resistance the ukrainians have mounted with our massive security assistance that we continue to provide. the next challeng...