Russia Just Invaded Ukraine

[cwolff]

Russian stocks are getting killed. It hurts us too, but we can weather this much better and it doesn't hurt us nearly as much.

Almost $60 billion evaporated from Russia’s stock market on Monday as global investors were spooked by Vladimir Putin’s invasion of Crimea and the West explores economic sanctions.

Russia’s MICEX index plummeted as much as 13% in response to the fast-moving Ukrainian situation, which has pitted Moscow against the West in a crisis reminiscent of the Cold War.

Financial pain was quickly felt by Russian investors as the ruble tumbled 2% against the U.S. dollar, forcing the country’s central bank to dramatically increase interest rates by 1.5 percentage points to 7%.

http://www.foxbusiness.com/markets/2...dex-sheds-58b/

[Tgo01]

Fuck this.

I know Back. It sucks when voting for the "lesser of two evils" (or in this case the greater of two evils) comes back to bite you in the ass huh

[Ardwen]

Stocks are getting killed but the ruble is getting destroyed

[Jarvan]

Stocks are getting killed but the ruble is getting destroyed

And Putin doesn't give a shit.

[Gelston]

He diversified his portfolio motherfucka.

[Parkbandit]

He diversified his portfolio motherfucka.

In Russia, the portfolio diversifies YOU.

[Warriorbird]

This is one of the instances I'd think economic warfare could be carried out rather handily by tapping the strategic oil reserves.*



*I would make more money if this happened.

[Latrinsorm]

lets see.. Not kicked out of G8. So no didn't do that. Just said it's in question.


Council Met, no vote held. So nope. Not that either.


US AMBASSADOR called for observers.... Hmmm... Nope.

Sorry. All fails.


As for Back and his Sanctions... this STARTED what.. 3 days ago? Also, Sanctions have to be approved by Congress. Congress hasn't been in session yet to impose Sanctions. Sorry Back. You failed this one.

It's been less than a week, and you can't finish a process before you start it. This is America, not American Idol.

[Gelston]

Doesn't look like most of Western Europe will be supporting full economic Sanctions. Germany is also against Russia being kicked from the G8.

[AnticorRifling]

Embargo on!...wait no what about the Latkas?!