₦airaland Forum

Russian economy in freefall as Putin facing deepest recession since fall of Soviet Union

RUSSIA is heading for the deepest recession since the collapse of the Soviet Union, new analysis by the Foreign Office indicates.

Sanctions imposed by the UK, US and EU are having a devastating impact on Moscow, plunging its economy into turmoil. The Government believes Russia's economy could now contract by as much as 15 percent in 2022.

In the longer term, economists expect the country to see an even deeper impact, with the Russian economy in freefall.

The forecast suggests the impact of the measures imposed by the West will be even more damaging than previously thought.


https://www.express.co.uk/news/politics/1593143/Russian-economy-news-Vladimir-Putin-latest-recession-ruble-crisis-sanctions-Ukraine-war

Super story..

USD to russian ruble:

Mid Feb to March= 140plus
Early April = about 90
Yesterday = 84.9
Today = 80.85

Forex Traders share your stories of Profits and Losses pairing Rubles during this period.

Dottore:
USD to russian ruble:

Mid Feb to March= 140plus
Early April = about 90
Yesterday = 84.9
Today = 80.85

Forex Traders share your stories of Profits and Losses pairing Rubles during this period.

U MEAN THAT KUWAIT ECONOMY IS THE BEST BECUS OF THEIR CURRENCY STRENGHT ?

Akuruoulo:
U MEAN THAT KUWAIT ECONOMY IS THE BEST BECUS OF THEIR CURRENCY STRENGHT ?

Kuwait is not the best but definitely doing very well.
Kuwait is a very rich country and has developed a welfare state for its nationals, who enjoy a very high per capita income.
According to the World Bank, Kuwait is the fifth richest country in the world by gross national income per capita.

Akuruoulo:
U MEAN THAT KUWAIT ECONOMY IS THE BEST BECUS OF THEIR CURRENCY STRENGHT ?

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We know the economies in free fall.

Sanctions bit the sanctioner this time around

Russian economy will crumble and vanish in few months.

EU has offered Ukraine a fastrack to joining the group.I pray he attacks Ukraine when they're already EU member.

Dottore:
USD to russian ruble:

Forex Traders share your stories of Profits and Losses pairing Rubles during this period.

What profit. They all dumped it.

Only the contrarians and those who only like to buy "when there is blood on the streets" are making money.

Inflation is off the charts