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"De-Dollarizing" Russia Pays Down Near-Record $53 Billion In Debt In Third Quarter
Despite the reassuring narrative from The West that Russia faces "costs" and is increasingly "isolated" due to sanctions for its actions in Ukraine, the most recent data suggests reality is quite different. First, capital outflows slowed dramatically in Q3 (from $23.7 billion in Q2 to $13 billion in Q3) with September seeing capital inflows for the first time since Sept 2013. Second, Russia's current account surplus was significantly stronger than expected ($11.4 billion vs $8.8 billion expected) driven by increased trade. Third, and perhaps most crucially, Russia paid down a massive $52.8 billion in foreign debt as Putin "de-dollarizes" at near record pace, reducing external debt to the lowest since 2012.
As Goldman explains, Trade and income improved notably...
The current account balance for Q3 came in at a surplus of US$11.4bn, above consensus expectations of US$8.8bn and up sharply from a small deficit of US$0.7bn in Q3 2013.
On our estimates, on a seasonally-adjusted basis, this now puts the current account at 3.8% of GDP, up from a low point of 1% in Q2 2013 and 1.6% for the full-year 2013.
The improvement in the current account came from both the trade balance, where imports have contracted (due to slowing domestic demand and the weaker Ruble), and from the income balance.
In our view, the latter could be due to either cyclical or structural factors, which are difficult for us to pinpoint, but risks to our current account balance forecasts nonetheless remain to the upside.
Meanwhile,
Net private capital outflows stood at US$13bn for the quarter, up slightly from US$10bn in Q3 2013 and similar to the pattern seen in Q2.
*RUSSIA 3Q CAPITAL OUTFLOWS SLOW TO $13B VS $23.7B OUTFLOW IN 2Q
*RUSSIA HAD $11.6B NET CAPITAL INFLOW IN JUNE: CENTRAL BANK
June was first monthly net inflow since Sept. 2013, according to central bank statement.
And finally - "de-dollarization" accelerates as Russia pays down its foreign debt at the fastest pace since Lehman...
* * *
"Isolated" Indeed!
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Russia is battening down the hatches for the coming perfect storm.
them russians sure know how to plan accordingly...
and play the long game of chess...
I'll take "bulgarian billionaires" for a thousand, Alex
http://en.wikipedia.org/wiki/Category:Bulgarian_billionaires
When does he dump Treasuries? Oh wait thats what Belgium is for
Dollar denominated Russian debt would be easier to pay off after the dollar crashes. Not sure if this is a good move.
But not having outstanding debt is generally a good idea.
As Obama would say:
"we've got the right where we want them!"
"We've just picked up the soap and it's ours!!and they can't grab it because they behind us!"
"Suckers!".....
...
Oh dear....
...
Agenda 21 land grab? Obama Designates San Gabriel Mountains National Monument
http://wtfrly.com/2014/10/10/agenda-21-land-grab-obama-designates-san-ga...
You mean the long game of running the USSR into the ground until it's broken up into 15 separate states (Estonia, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Belarus, Moldova, Ukraine, Armenia, Azerbaijan, Georgia and Russia) and then desperately to reconstitute the USSR as V2.0?
Is that what you meant, Bob? :-)
Amerikan Patriot = Hasabara Shill
I've got logic and reasoning. You've got epithets. See the difference?
Logic based on incorrect inputs is just as bad as no logic.
Really, how much are you getting paid per comment? What about those bots of yours in Siberia?
Soviet is defunct
get over it...
you're pathetic
Sorry Bob. Vlad can't 'get over it' and neither can you. Remember, he said that the fall of the SU was the greatest catastrophe of the 20th century.
Zero Hedgers need to work feverishly to help Vlad re-build the SU and re-populate its gulags. Rejoice, comrades, the new workers' paradise is nigh!
Get with the programme shit-for-brains.
You're thinking is 25 years expired.
"You're [sic] thinking is 25 years expired."
Bob, Vlad is doing his level best to cobble together what's left of the Soviet Union. A piece of Georgia here, part of Ukraine there, maybe Estonia or perhaps Kazakhstan if he can swing it. Won't you help him in reassembling Stalin's lost workers' paradise?
Just think - you could be put in charge of your very own gulag and house the next generation of Mikhail Khodorkovskys in a distant oblast under Vlad's personal direction! :-)
Russians don't take a dump without a backup plan
:-D
What was the backup plan for the dissolution of the Soviet state? Rebuilding it? :-)
They know what is coming and that nation knows how to survive. Right or wrong they have seen this before and have retained a memory.
So have we. Several times.
Survive? Russia in its current form has only been around since 1991, Bob. And even at that, it's shrinking every year.
I agree! The Russian Think Tanks are advising Putin that an ecnomic storm in the west is now a sure bet, unavoidable. Surely nobody can say when, but "if" is now off the table. Russian gold purchases and desire to de-dollar in a managable manner are indications of hatch battening. And Yes, Russia spends a lot of State and Private funds on acedemic and private sector Think Tanks, not ones seeking ways to increase the 1%'s power and wealth and global empire, as USA Think Tanks do. But these have as their commission to learn as much as possible about world ecnomics and geopolitical trends and advise Government and Industry how to cope with what is coming. I heard a couple major Think Tank leaders speak in translation on Russian Websites. Their ability to look logically at events, without any political spin, is refreshing and a bit scary. These guys are not "The Heritage Foundation".
"Their ability to look logically at events, without any political spin,
is refreshing and a bit scary. These guys are not "The Heritage
Foundation"."
Thier scientists are also more free to explore areas of research the West would never tolerate. While they have their own Cognitive Dissonances to deal with, thinking outside the box is better tolerated in Russia.
Russians believe abiotic oil theory, meaing oil is from mineral processes, not dead dinosaurs.
Only biotic oil theory was allowed in West, so West never drilled too deep.
Russkies found oil 6 miles under, where no dino's ever roamed, & are still drilling deeper.
I'm sure they won't be to willing to public that information if it proves to be correct.
I don't blame them.
The Russians know the way to win a war is to first kill the fiat. Do you think they really give a fuck about economics?
Russia is dependent to this day on Western technology to develop its oil reserves, Bob.
T hat;s impossible and I don't believe it for a minute; as someone who has worked on high level government technology. The first thing they're going to do is make drawings and take material samples of everyt hing; copy every operating system for every seismo-survey piece of equipment; they build better rocket engines than we did for christs sake and you don't think they build their own equipment to drill a hole in t he grouind. Absurd.
"That;s [sic] impossible"!
Oh, it's not only not impossible, Bob, it's simply the truth. E.g., Exxon Mobil is helping Russia develop its Arctic oil reserves using expertise it simply doesn't have on its own.
Maybe spend less time posting here and more working on that GED, huh? :-)
What youi mistake for "dependent" is expedient. If they want to they will duplicate and improve on every piece of t hat equipment t hat exists and t hey'll do it in 90 days.
Bob, certain advanced drilling expertise and techniques are only feasible with American oil companies.
Given your errors of logic and spelling, I'm thinking that SAT 400 would be a more suitable moniker for you. At least consider it.
After hearing William Engdahl talk about that, the fossil fuel theory sounds rediculous.
Russians can be very clever
and not scared of much
Russians normal to evade rules
Russians normal to evade rules
Exactly. If there's one thing I've learned from the Russians, it's not to fight the rules. Much easeir to go around.
dup
like getting around turnstile freepay
YES.
Much as it was not featured in West MSM. The Sochi Olympics amazed. I watched them from another view (not a USA USA feed).
Nice Cliché
Yeah but don't let them fool you either. They have masters who they are looking out for. What we see now is the elites have fleeced all the middle class worldwide. Now the snake is eating its tail. Its just groups of elites after other groups of elites. This is what we are witnessing. All of them are a big pile of shit and do not have the people's best interest in mind. People like us are the one's who defend thy neighbor,not them.
If there is sure to be an economic storm in the West/USA then the question really is when will USA start WWIII to make sure it happens BEFORE the economic storm.
Better start it quick.
They don't have those un-registered and non-reporting gold and silver mines in Siberia for nothing. Think about it.....
I often think about it; and post about it. It's a government priority program; they pay high wages and benefits; they t ake their pick of the workers and they're working shifts; pounding the piss out of those hard rock deposits in Siberia; and none of it is reported anywhere. Officially, it doesn't even exist.
It looks like it's 'battening down' the ruble as well. :-)
I was in Crete a couple months ago and one of the tour guides mentioned that last year the island was crawling with Russian tourists who bought up everything. She said she had problems finding shoes in the stores because the Russians had bought them all.
This year however, there are only a few Russian tourists.
Why go to Crete when they have just annexed hundreds of miles of beautiful shoreline? Keep the spending domestic when you can.
Food is much better there. They use fresh ingredients and it makes all the difference.
Russia didn't annex anything.
Crimea had a referendum.
Yes
Crimea is still celebrating.
Huh?? Crimea had a referendum, applied for annexation to Russia and was accepted by the Duma. Feel free to correct my recollection but it was annexed.
Ok. I looked at the down votes and went back trough the news. Annexation was a western term indicating a hostile poetical action.
It was actually a treaty of accession. Crimea applied by treaty to be a member and the Duma accepted.
I stand corrected on technical terms.
http://rt.com/news/putin-speech-crimea-reactions-606/
Lots of Russians staying home or going to Crimea this year, per RT and other Eng.lang. news sites. And the gov't promised a multi-billion make-over for Crimea. It's the patriotic thing in Moscow to vacation in Crimea.
People dont realize how beautiful the Black Sea is. Crimea has some of the prettiest coastline in the world. Small mountains right next to the sea shore.
Plus Crimea has Kazantip, one of the best parties in the world. Days and days of Russian chicks dancing half naked on extasy. Check out the pics:
http://kazantip.com/
Crimea has Poklonskaya. We got Holder.
Enough said.
p.s. I don't know about you, but I know which of these two I'd rather meet in a dark alley. Kirk out.
dup love it
Crimea is still celebrating
I've got relatives in Siberia we Skype with on a weekly basis. According to them, the economy has slowed noticeably and folks are putting off major purchases.
You mean you have bots pretending to be relatives in Siberia?
True enough, Russians are in retreat from western shopping and real estate, they fear US control over the EU and sanctions at any moment to take their capital and property. London's Russian based RE and Consumer Spending is in a downturn, all the money kept in London banks is now under threat of USA taking it, via their trained monkies in the UK Government. Thus they took their money and ran. Given the wests proxy war on Russia, this is a smart move. If you got it, bring it home. Russia is a capitalist nation, those who know how to make it, make it big, the others, like everywhere, work for wages and struggle to get by. Same the world over. Lenin and Stalin have finsihed their work on Russia, and after 70+ years of attacking Russians and other ethnics at every turn, the reds are history, and the hostorical norm of Russian self interest is back in charge.
please, jack, i hope you can help me with something...i've been trying to connect how TPTB and the russian and chinese leaders and the mafias, western, russian and chinese interconnect? thank you,
Simple its a multipolar world. Jewish mafia runs the west, the Russians are trying to break completely free of it, and the Chinese have their own mafia and learned about the western mafia when the Brits hooked them on opium.
Good post COSMOS. The Russian ologarchs got their wealth from the communists and KGB when the USSR went down. Ukraine the same. Jews make up the majority of all Oligarchs in Russia and in Ukraine. How they managed to do it, I don't know, but the Jewish control in the East is legendary, even in Czarist times, the Jews ran everything from Vladivostok, to Lvov. Poland as well. By World War Two, the German Army invaded and found local populations eager to kill all Jews in the USSR and they really went after them. Nazi film crews were horrified by the Kiev massacre of Jews in 1941. And in Latvia even worse mass murders of Jews. Everywhere the German Army advanced the local took the chance to kill Jews. I guess that says something about what power Jews held in the USSR.
Yea they can really fuck up a country.
Jack I think the key to their success is exactly that enjoyed by the Italian Mafia, but due to the fact that their diaspora is much larger and interconnected that makes them stronger.
Russia is crony capitalism at its worst. If you're in with Vlad you stand to make a killing. If you oppose him, you might get yourself killed. Or shipped off to an eastern oblast like Mikhail Khodorkovsky. Or be forced to live in exile in London. Kudos to the US for using the influence it has to pressure Moscow with economic sanctions. Russia is on the cusp of recession right now and has difficulty borrowing except at usurious rates. No doubt Vlad's popularity will sag when folks feel what a real Russian winter is like without quite as much food.
Real capitalist nations have a tradition of rule of law. Russia's tradition is that the law is just another facet of daily life to be jiggered by the politicos. If you're not aligned with Moscow, whatever you have is subject to confiscation with no genuine oversight.
You're crazy. their cops don't pull you over and steal your money; ours do. Wake up, pal.
And this is just Western lies to smear the good name of the Motherland's finest?
http://www.economist.com/node/15731344
Amerikan Patriot is a shill.
The US has equal to greater crony capitlism as Russia, it's just a bit more sophisticated. Remember Jon Corzine?
Let's not forget Edward Snowden, whom Vlad IS PROTECTING FROM INDEFINITE TORTURE AND DENTETION IN THE USA for simply telling the truth about the security state's (Amerikan Patriot's employer) coup on The Constitution.
Let's not forget Bradley Manning, who's being indefinitely detained in the US for exposing the crony capitalism wars and war crimes of the USA.
useless talkings
That is now happening in India where RF "tourists" are buying all the gold they can since purchases less than 100 oz in Hong Kong have been difficult to obtain the past two weeks. Follow the physical gold and learn what is becoming today's and very quickly tomorrow's "money" in one form or another. Phyysical gold and silver certificates are and always have been trade certificates. Get wise.
Fuck! What would American markets price in today if we said this about the might USA. "Current account surplus was significantly stronger than expected ($11.4 billion vs $8.8 billion expected) driven by increased trade."
America is a money printer, it accounts for a full 50% of all government spending! FACT.
And 100% of taxes go to (the owners of) the Fed:
'The Grace Commission'
http://forum.prisonplanet.com/index.php?topic=35443.0
Physical Gold might be valuable one day soon.
Yes but can you find the one real bank that will give back true value?
No need for a bank.
De-waimarisation of shadow banking is under way
Waimarization of shadow banking otherwise known as QE has caused tremendous damage to the economy
It is over
Was it over when the Germans bombed pearl harbor?
It was over when the Eskimoes enslaved the black man.
Yo! Don't call me Eskimo!
http://www.youtube.com/watch?v=tS8RZcKQwBA
Don't be rayciss!
Now, THE_WORLD will have to actively "De-NSA" its Workforce, since it's full of Moles...
http://rt.com/news/195068-nsa-undercover-foreign-agents/
https://firstlook.org/theintercept/2014/10/10/core-secrets/ (source)
WTF is going on with this fixation of "Core" for its Program Code Names? Did some Fool from the Common Core Initiatives get involved in the Planning?
Perfect yachts are made for perfect storms .
Keel of gold .
Masts of Iridium
Sails of diamond.
Captains of stainless steel .
wtf?
You missed balls of brass!
Not ironically, Russia saying they would not impose capital controls is the reason capital outflow slowed. If a government is going to impose capital controls, the logical thing to do is run for the door.
Think of it like someone saying you can't sell a house for the next 10 years starting in 6 months time. What do you do? Sell it as quickly as possible before that goes into effect. Everybody else would be doing the same thing, and this would cause the market to crash.
The smartest thing Russia can do at this time is to do nothing. That means no attacks against the dollar or the euro. People should be able to convert rubles to dollars as much as they want. Leaving the door open means nobody is in a rush to dump rubles. They should be very clear that this is their policy.
Naturally, the US will probably do the exact opposite of this. It's already a huge burden to have American citizenship. Why not make it a huge burden to hold US currency or US debt? Can't convert it to rubles, can't convert it to yuan, can't convert it to gold, can't leave the country with it, can't carry more than X amount in cash, can't wire it out of the country, etc. It's already becoming risky to hold dollars when the government has made it perfectly clear that anyone can be booted out of SWIFT for any reason at any time.
there is one significant correlation here. it appears putin's debt payoff signals a bottom in the s&p.
Yeah; well do yourself a favor and don't buy the "bottom". Sheesh.
Beginning of "Insular Intrnational Economics" (Mercantilism) unleashed by United States, former champion of global trade, because some spoiled Neocons did not get their way in the sandbox and because explosive debt financing by Wall St, politicos and bankers has run it;s course. Now the savers and real growth economies will have their day in the sun.
Putin is going to be in Belgrade on the 16th and will participate in the 70th aniversary celebration and victory parade marking the day the Nazis got kicked the fuck out of Belgrade. I cant wait to see this. 28th is additional celebration in different parts of Serbia marking dates on which nazi filth got kicked the fuck out as well. I took this photo the other day at Nikola Tesla Aerodrom in Belgrade, this is a Russian military plane that carryied Putin's advance team. https://www.facebook.com/photo.php?fbid=10154659974145176&set=a.10154659...
The NSA apparently took that photo offline.
And when did they kick Yugoslavia out of Yugoslavia, while we're on the subject.
What is the day they celebrate Tito kicking the Russians the fuck out of Belgrade?
Tito simply politely declined Stalin's offer to "help liberate Yugoslavia from the Nazis".
Tito knew that Stalin would behave the way our DOD behaves globally these days: once they're in, they stay.
computer freak-out, sorry.
For that matter, what is the day they celebrate kicking Tito's goons out of Yugoslavia.
What is the day they celebrate Tito kicking the Russians the fuck out of Belgrade?
As I recall, Yugoslavia adhered to the Axis in 1941. The government was thrown out by popular demand and Yoguslavia's signature was voided by the new government, which was then followed by a German invasion.
Sounds an awful lot like what just happened in Ukraine.
Meet the new Nazis, same as the old Nazis
Yugoslavia's king took his jewelry and gold, and fled to London with his family, when the Nazis attacked. Feudal scumbag!
p.s. Russia backed Serbia in their attacks from "NATO", i.e. attacks from the US, during the Kosovo war of secession -- when that Zio-Con bitch Albright was the SOS under Clinton. In fact, the Serbs shot down a Stealth bomber and shipped it to Russia. The US does not like to talk about this awkward fact.
Any correlation to actions by other BRICS?
BRIC? DID YOU SAY BRIC??? HERE'S YOUR BRIC:
http://youtu.be/js_ik_KlfZM
nice break,,,thanks...that workhorse tele is in good hands.
Wish I could move UCLA to Russia. 10% tax rate. Damn..
13% Flat Tax only
http://www.heritage.org/research/commentary/2003/03/russias-flat-tax-miracle
15 Years of Putin
http://ozziesaffa.blogspot.com/2014/06/15-years-of-putin-rule-in-one-inf...
Funny thing. I did the same thing and got out of debt and dedollarized too. I sleep really well.
what is this "paying off of debt" of which you speak ?
Paying off debt means you print a bunch of paper or something
Capital outflows slowed... LMAO Yeah, cause they can't buy anything cause they've been sanctioned... LMAO!!!
BRICS countries are still selling to Russia.
And how come no one noticed that Israel is not covered by any Western sanctions, and is still selling to Russia? Actually increasing exports?
BRICS? Developing nations can't make up the shortfall of high end and technical items that make up the bulk of spending.This is what makes them developING nations....
Capital outflows slow also when you're OUT OF MONEY.... Russia can't compete with the West when it comes to finance and they should have learned that lesson a long time ago.
Russian corporates can't roll their debt. This spells absolute doom for the Russian economy. The chart tells you as much if you look at it.
and to the EU economy too, because Russia is EU's biggest buying customer. Good one, EU, good one!
I feel for you cheerleader, I really do. Putler killed your country.
Ignorant post.....
15 Years of Putin
http://ozziesaffa.blogspot.com/2014/06/15-years-of-putin-rule-in-one-inf...
Russia's Flat Tax Miracle
http://www.heritage.org/research/commentary/2003/03/russias-flat-tax-mir...
Hey dipshit. Your "miracle" article was written in 2003. In hindsight, no miracle, only kleptocrats, their whores (namely you) that perform on demand, and the idiots that that want to believe so bad they can't see the facts even as they hit them in the face.
The Micex P/E is under 4:1.
S&P farce 20:1
I'll keep adding to my Ruski trade.
And you look around America and see run down ghetto-ized cities like Detroit and wonder to yourself why communist China owns 4.5 trillion of U.S. financial debt and yet over 5 trillion of corporate offshore money can't enter the U.S. in order to invest in America because it will be taxed twice.Anyone?Does this make sense to Washington politicians?Who's Victoria Nuland blowing in the State Department anyways?
http://demonocracy.info/
Russia's going to have a tough winter. The huge ruble slide means ordinary Russians are going to be paying more for imports. At the same time, oil's big slide undercuts Russia's most significant export. Anything less than $110 Brent means Russia has to find money elsewhere. Where? Well, Russia recently sold bonds...for almost 10%. That's only going to get more expensive as Russia sinks into recession this winter and yields rise to reflect the increased risk lenders take. Folks love to point to Russia's small debt-to-GDP as evidence of its capacity to incur plenty of additional debt. However, Russia doesn't have a low debt-to-GDP by virtue of it being a responsible, fiscally prudent borrower. Rather, Russia has a low debt-to-GDP because it defaulted on its obligations and devalued the ruble in 1998, and now folks are loathe to loan to it except at punitive rates.
Love it or hate it, both Putin and Russia will suffer under the Western sanctions.
So will Europe too. But somehow you fail to mention that fact.
Agreed. The difference? Europe is in a better position to get through the winter than a commodity economy like Russia that no one has much interest in lending to - except at outrageous rates - and whose currency is depreciating daily.
Well, majority of what Russia imported west was industrial tools and food. But recently majore Russia manufacturers signed agreement to use domestic tooling as well as improve domestic tool industry more.
Add in that, food only increased of import produce. Thing is, Russian budget was agreed upon on $95 per barrel due to 2008/9 crisis forced them to change how they balance the budget. But here is the other thing, Russian consumers are what is the main drive of Russian economy and after this, they will end up having to purchase domestic goods. They can effectively ban automarket for EU in Russia and that in itself will grow more for domestic car makers but they wont as that will mean a lot of people out of a job. Most consumer goods are purchased from China. Not USA or EU. Industrial equipment mostly comes from those two. Good thing is, they are one of the most educated countries in the world, so finding specialists will not be hard, at least if they are willing to pay for it.
Oil and gas will always have a market to go to, thus Russia will always be able to sell it. Buying can be determined based upon if nations are willing to sell to them, and well, find me products that arent made in China. Most are except for overpriced Euro cars and clothing.
There is a reason why they ended up with a surplus, while Germany right now is facing issues and EU is ending up in another recesson.
Uhhh - no...
Russians don't need much from the "West" given that the "West" buys most of its stuff from the "East". Get real dude. Don't be a tool.
https://www.youtube.com/watch?v=gfvAXRi6Uw0 1 min or so
China's agricultural exports to Russia grow.
What imports? what winter ? they're going to paying more for their own oil. I don't think so. You're nuts.
Russians are used to tough winters. For now it seems that German export is suffering under the sanctions. That is not only bad for German industry but also for the rest of Europe. Germany will need to abondon imposing austerity on the rest of Europe which is also hurting German export. No, a new war is being brought upon Europe. Fuck the EU, remember?
I don't think you are going to find Russia suffering much at al this winter. A weakened ruble means a significant offset to decreased oil revenues on a dollar basis. Russia produces oil based on ruble costs, but sells oil on dollar revenues. Connect the dots. A highly devalued ruble is offsetting the devcrease in dollar oil revenues. Example, in Oct 2013 the ruble was selling at about 32/$. Now it is around 40/$, a 25% drop. Russia produces oil based on ruble costs, but sells oil on dollar revenues. Connect the dots. A highly devalued ruble is offsetting the devcrease in dollar oil revenues. Example, in Oct 2013 the ruble was selling at about 32/$. Now it is around 40/$, a 25% drop. Oil revenue at 32/$ and about $100/barrel = 3200 rubles per barrel. Oil revenue at 40/$ at $89/barrel (Brent today) = 3560 rubles per barrel. Does that sound like a tough winter to you, really?
As for debt Russia has a low debt to gdp ratio because it doesn't need to borrow much - unlike America, it's economy is not based on fiat currency, expansive debt and financial chicanery, but on its vast store of natural resources.
Russia's going to have a tough winter.
Just ask Germany who comes off best in a tough Russian winter.
Engage brain before open mouth.!!!!!!
"What's good for the Russian is death for the German"
Won't happen, Merkel will cave first.
And on a completely unrelated topic, ISIS threatens to invade Russia.
I think Putin has that one covered more or less. If I recall correctly he was offered a bribe to drop Assad and when he refused he was threatened by some Saudi Prince. I believe Putin made him a counter offer he could not refuse.
The truth is that all sides probably have sleeper agents in place ready to carry out all sorts of sabotage and damage should someone start first.
By the way, will they be flying up, driving up or catching a train?
If they are home grown then I am sure they have already been identified.
By the way, will they be flying up, driving up or catching a train?
If they are home grown then I am sure they have already been identified.
ISIS could not invade any competent sovereign nation let alone Russia. The Russian's would run them down like rats as they are merciless. The only reason they can run riot in the middle east is due to the mess created prior.
It was a tongue in cheek comment on how quickly the media uses ISIS, Al-Qaida, Ebola et al "bad guys" to gloss over reality, and they even got to say Russia!
Maybe they'd sic the chechens on ISIS, talk about heads atop spikes.
Did Russia get a pay-day loan from China?
In Q3, Russia has paid down US$ 53 billion in foreign debt.
In Q3, there's a net capital outflow of $13 billion.
That means there's been a capital inflow of $39 billion into Russia in Q3, combined with a debt payoff of $53 billion.
There are 145 million Russians. $39 billion capital inflow is $3 capital inflow per Russian per day - weekday and Sunday, newborn children and centenarians included.