Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. Ospreyeye: Japanese Candlestick patterns & Technical Analysis Board Message Board

Russians pay higher price for isolation By Mark T

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 777
Posted On: 07/26/2014 4:03:05 PM
Posted By: Ospreyeye
Russians pay higher price for isolation
By Mark Thompson @MarkThompsonCNN July 25, 2014

http://money.cnn.com/2014/07/25/news/economy/...index.html

LONDON (CNNMoney)
Russia is paying an ever higher price for its growing isolation over the crisis in Ukraine.
The country's central bank jacked up interest rates Friday for the third time since March, taking them up to 8%.

With inflation running at 7.5%, it had little choice.
The crisis has led investors and companies to yank money out of Russia. This has crushed the ruble and raised the cost of imports -- helping to drive prices higher.
The government hopes that higher rates will make it more attractive for businesses to keep money in Russia. However, it also means that both consumers and companies will have to pay more to borrow money. It raises the risk that the economy will sink further into recession.
The ruble has fallen 6% against the dollar so far this year, while Moscow's main stock market has dropped 7.6%.
Both were under pressure again on Friday.
Russia's $2 trillion economy slowed dramatically this year as cash flooded out of the country in response to the threat of tough financial sanctions.
The central bank said growth in the second quarter was close to zero. The IMF predicts stagnation this year -- other economists are much more pessimistic.
Even before the shooting down of a Malaysian passenger jet over eastern Ukraine last week -- blamed by Western governments on pro-Russian rebels -- the U.S. had cut off access to long-term financing for two Russian banks and two energy companies.
Europe has been much more reluctant to adopt tough sanctions, partly due to its heavy dependence on imports of Russian energy.
Still, the EU warned Moscow Tuesday that it could prevent Russian banks and businesses from raising finance in Europe if it didn't act fast to ease tension in eastern Ukraine and cooperate with the investigation into the downing of the plane.
Diplomats were meeting Friday for a second consecutive day to draft details of new sanctions, but a decision on whether to proceed is unlikely before next week.
First Published: July 25, 2014: 9:22 AM ET


(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us