Page 91 - Ruble News Today

We should note that j.k. rowling responded saying critiques of western cancel culture are not best made by those currently slaughtering resilience or joil and poison their critics. #istandwithukraine. >> aside from the ridiculousness of this, what does that kind of comment tell you about where he is? >> youre hearing a deranged mind under pressure. it should not be understated how damaging u.s. global sanctions have been on the russian economy. the ruble has cratered in large measure because of ...

Is getting decimated and the ruble is not an objective barometer because moscow is propping it up. the united states is say thanksgiving is the goal of sas sanctions. >> this is not sustainable at all? >> right. >> thank you. >> thanks. we begin this hour with breaking news. ukrainian military officials say three missiles have just hit a settlement in the odesa region. thats many the south. they say there are casualties. well take you live in just a moment. there are also reports of possible u...

>> for gods sake, this man cannot remain in power. >> reporter: the white house later had to play clean up, saying he was not calling for regime change. but the president did say that ukraine will never be a victory for russia, calling putins invasion a strategic failure. >> rather than breaking ukrainian resolve, russias brutal attacks have strengthened the resolve. rather than driving nato apart, the west is now stronger and more united than its ever been. >> reporter: the president telling pu...

Extent would be shooting himself in the foot if he were to alienate his biggest customer. what he needs to do is save face in the face of these punitive sanctions that the west is continuing to impose on russia over the invasion of the ukraine. so as of today, they need to pay into their own currency, that will be transferred into ruble. its a win-win for putin if he can get people to agree to do this. its not clear. >> the contracts are in dollars. this is dollar denominated stuff. it would be ...

>> they were shaking hands. >> and trying to level with one another, and now for a year later for president biden to be in warsaw calling for a regime change is a remarkable, remarkable moment, and a shift from where the white house has been and president biden has been, and speaking for what fred said it is for the russian people to be saying, and president biden is saying to them directly, if you can hear what i am saying, and there is a lot censorship, if you can hear what i am saying -- and ...

You have millions of people that are displaced. if you have a russian economy that is going to be in dire straits even if the ruble -- come back. they are in a terrible situation. the one thing i think biden does not want to do is for this to continue because of the risk of this calculation -- mr. collation. leading to the resentment of the germans and world war ii. i think we should be hopeful that these talks are at least ongoing. >> piers: can i ask one difficult question? at what point is th...

Oil payments need to be made in rubles. i do think this is a bit of a bluff on the part of the russian government. because as youve seen a further clamp-down globally on the russian economy, they need money from the west. in whatever currency they can get it in, ideally in the in the ruble, so realistically speaking, there is a strong need to continue financing the flow of lng and oil to countries across europe, because frankly, for russia, that is the financing of the activity in ukraine. >> ri...

And that countries could continue to pay in the currency, their own currency into that account and then it would be converted into rubles. why is vladimir putin deciding to do this? on the one hand it is a face saving exercise to push back against the international pressure of sanctions but it also gives russia something it badly needs, which is foreign reserve currencies. remember, the central bank has been shut out of half of its currency reserves and thats had a huge impact on the ruble which...

Authoritarian system that can happen. people are afraid to tell the truth. >> how -- so -- sorry to talk over you. there is a bit of a delay here but how does this all fit in with his threat now to turn off gas supplies to europe unless contracts are paid in rubles? it seems unlikely any countries will give into that demand. it just seems a nonstarter. >> right. he is trying to -- to essentially make other countries pay in rubles to support the -- the ruble. because -- because of the financial s...

Prominent russian economist. >> most of the shortages is a temporary problem. thats going to be solved. with the quality of life, income, that is not up there yet, but that will be -- this problem will be accumulating and becoming more and more in the coming months. >> reporter: add to that the russian central bank has been able to shore up the currency. it ratcheted up interest rates, put down strict capital results and as a result the ruble is now at the level it was before the start of the in...