Quote Originally Posted by BFG View Post
After a brief fall back to 45 Roubles per USD, we are now back to 60 after Russian companies have finished buying up RUB for end of year purposes and a contraction in November of 0.5%. This is only the start.

Oil is still tanking as well. Lower we go after a brief respite!
Yeah exactly. This is one interesting game of global chess. Last time Putin responded by placing controls on what large companies could do with foreign reserves and using their foreign stores to buy Ruble. But here it goes again. What is he going to do to hold it this time? How many more cards can he play?

Perhaps the US will keep this pressure until Putin is voted out and then it's time to buy up big?

There was a great article in the Herald about a possible successor who had spend ten years in the Gulag.