Page 82 - Ruble News Today

A wholesaler in northern virginia and worries hell lose customers if he has to keep increasing prices. >> we had to increase our prices in the eggs we distribute and milk and other related items that we distribute to the local bakeries. >> reporter: the president says the oil embargo will further squeeze russias economy, which today took another hit as four top american brands suspends operations: coca-cola, pepsi, mcdonald, and starbucks. >> reporter: one ruble is now worth less than one americ...

>> the ruble is less than a penny. its the worst performing emerging market currency. the russian stock market has been closed for nearly three weeks, longest in its history as they try to prevent a market crash. inflation in russia is rampant. some forecasters are predicting 20% inflation for russia by the end of the year. and trillions in dollars of businesses have been disrupted by sanctions, putting the russian financial sector under severe stress. >> and so now you can add an almost certain...

And that solidarity has meant that we have joined together to make putin bear consequences of the choices hes making. that solidarity has supported the ukrainian people. that solidarity is supporting the refugees that you and i were just talking about. so, i think its important to maintain that solidarity going forward. we have a long road ahead, even if this were to end tomorrow and we all would wish that it would. we all would wish that putin would understand that body bags are coming back to ...

Defeat is too complete and if that is actually reinforced by what are really some absolutely crippling economic sanctions, then were in danger of entering territory where the russian government decides the only way to get out of this is to escalate. and one possible method of escalation -- i dont know its been talked about in the american media recently -- is to use a small nuclear weapon to essentially what -- what the strategists call escalate to deescalate. so, you -- you up the ante, and the...

Been closed for weeks. the ruble is virtually worthless. russias credit rating is junk. on the verge of default. dozens of countries are fleeing russia with more every day. both of these things together, what were providing our ukrainian partners and the pressure on the russian federation is strengthening ukraines hand. what we want to see is genuine good faith diplomacy on the part of the russian federation. weve seen the pretense of diplomacy. the russians are going through the motions as they...

And he made a decision to attack any way. many of his own soldiers. he was not deterred and now these sanctions are affecting the russian people and russian families and they are not able to understand why their leader is causing this. theyre not understanding why their sons and daughters and brothers and fathers are coming back to be buried from ukraine, from a friendly nation that they have no beef with, no complaints and no threat from ukraine and solely russian people are burying these price...

The kremlin gets all fired up and it becomes russia versus nato. now, putin owns this. he owns the russia economy, he went in and destroyed the ruble. believe it that way, make him owned this and that is where you want to dance. that is the place you want to dance. >> judge jeanine: he is not going to own it by himself quietly, that is the thing. >> jesse: but i think if no one buys russian oil in the ruble is worthless -- >> judge jeanine: the chinese are going to buy russian oil. >> jesse: but...

Withdrawal. the russian forces pushing forward, using, in many cases, more devastating weapons. have you seen evidence there is pressure being applied on putin, for instance, from some of the oligarchs around him who are also being sanctioned? >> we know that the value of the ruble has fallen dramatically. we know that the supply chain routes within ukraine itself have been very much disrupted as a result of the sanctions. we know that there is a cumulative impact occurring as more and more sanc...

John, lets pick it up there. the idea of the impact that this is going to have in the near term and in the long term. president biden specifically mentioning seafood, vodka, diamonds. is this going to have an immediate impact and is this going to perhaps deter vladimir putin at all? >> well, it certainly will have an immediate impact. what were doing economically, i think these sanctions are unprecedented. they are affecting the russian people for the first time. previous sanctions had affected ...

Invasion began and since we launched our first rounds of sanctions, the russian stock market has not opened in three weeks and the ruble has lost its value, and the country continues to suffer severe economic damage. the impact of the sanctions is just beginning to bite and we have the ability to ratchet up new sanctions and we are rolling out a new package of sanctions yesterday and we will continue to do that to respond to russias continued aggression. >> does the united states or the administ...