Russia not doing well.

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Russia not doing well.

Post by observer on Mon Dec 15, 2014 11:20 pm

Russia has raised key interest rate from 10% to over 17%.

Seems the declining price of oil - plus all the sanctions from the west are taking a toll.
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Re: Russia not doing well.

Post by tippycanoe on Tue Dec 16, 2014 9:28 pm

Sanctions to show the disrespect the west has for Russia partly due to the downing of an airliner and encroachment of territories. It appears to be working but I sure hope those sanctions don't come back to bite us.

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Re: Russia not doing well.

Post by observer on Tue Dec 16, 2014 9:33 pm

Once in a while - hopefully - we make some moves that are truly moral - and not based on what they'll do to OUR economy. Don't think it happens often - so THIS one was probably thoroughly researched before the move was made also!
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