Worth Less than a Penny

[biku324]

Here's a feel-good story about the collapse of the Russian rouble this week. But, with 8.5% inflation, no big deal. How Far Can Russia's Ruble Fall Amid Its Latest Tumble? - The Moscow Times

 

[Tom S.]

I predict it will come back within two years when Russia withdraws (at least partially) from Ukraine, sanctions are lifted and Russia and Exon start pumping oil out of the Arctic and shipping it to countries that were boycotting them.

 

[biku324]

I guess we'll see.

This week, nominations for Russian gas supply to Austria, Slovakia, and the Czech Republic have remained stable, according to data from system operator Eustream compiled by Reuters.

These supplies could sharply end a month from now. That's when the gas transit deal for Russian flows to Europe via Ukraine expires on December 31, 2024.

Ukraine has said multiple times that it would not pursue talks about renewing the agreement with Russia.

Gazprom itself is assuming in its internal planning for 2025 that it will not be sending gas to Europe via Ukraine as of January 1, a source with knowledge of the Russian gas giant's plans told Reuters earlier this week.

By Tsvetana Paraskova for Oilprice.com Russia's Gas Supply to Europe Remains Stable Before Ukraine Transit Deal Ends | OilPrice.com

 

[margethatcher]

I would definitely trust the dollar moooor.

 

[Rudi]

Puti is weak. He threatens to use a nuke, but that would be very bad for business. His security detail must be a bit tired.