New Headache To Watch Russian Economy …….

suyts space

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The timing on this couldn’t be poorer.

When a nation’s economy is going to crap, the nation tends to be less compromising and aggressive. I’m hopeful 2016 will bring an adult into the Oval office and the US and Russia can start working things out. But, for this to happen, things must stabilize.

Russian central bank moves to support diving ruble

MOSCOW (AP) — Russia’s central bank intervened Friday to stop the national currency’s nosedive to record lows by saying it stands ready to intervene decisively in markets.

The ruble plummeted to a new low of 48.7 rubles a dollar on Friday before bouncing back on reports that the bank was holding an emergency board meeting. After the bank issued its statement, the currency stabilized at around 46.4 rubles a dollar.

Russia’s currency has lost about 40 percent of its value since the start of the year amid the financial…

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