Quote Originally Posted by Antonio1986 View Post
Also to mention an other alerting issue that jeopardizes the currency stability in Russia (International currency / exchange reserves).
It smells 1998.

international reserves.JPG
I don't think so... It couldn't get that bad again.
Russia's come a long way since then and whatever else people think about United Russia party, they have some very good expert advisers who know what they are doing. Including financial people.

Also as many have pointed out, no other party will win an election in Russia, so whatever financial program is launched to tackle the problem, it will be allowed to run its course, probably good. Stability is good. That rarely happens in Europe, where everything is short term.

"This too will pass" It's a temporary set back for a country that cannot but get richer.
Just a shame that people will have hard times until this is over.
Of course I have never been through anything like this - but Russians have, and are tough!

In Stockholm where I come from, apparently 30% of all tourists are Russians (I didn't know that, but just read it in the paper) and they are the best spenders of all. This year, practically no Russians are coming. Apparently this will lead to huge losses in hotels and tourist shops.