Russia Has 1.9 Trillion Roubles In Debt Coming Due

Discussion in 'Markets & Economies' started by ryan71, Dec 1, 2014.

  1. ryan71

    ryan71 Member

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    Russia Has 1.9 Trillion Roubles In Debt Coming Due At The Worst Possible Time

    The Russian rouble is collapsing (again), falling over 8% in Monday trading before staging a modest rebound. And this is terrible news for Russian companies, which are due to make $35 billion of debt repayments in December.

    The more the rouble falls, the harder it is for Russian businesses to pay their loans back.

    At the time of writing, the currency had fallen to over 53 roubles to the dollar:

    (Link Below)

    http://finance.yahoo.com/news/rouble-collapsing-worst-possible-time-170700784.html
     
    ryan71, Dec 1, 2014
    #1
  2. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    But but but according to the likes of Krugman a falling currency is supposed to be good right? Stimulates the economy and stuff right?



    :p :Lol:
     
    bordsilver, Dec 1, 2014
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  3. leo25

    leo25 Well-Known Member Silver Stacker

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    Nothing a bit of printing can't fix.
     
    leo25, Dec 1, 2014
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  4. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    They should ahve gotten the loan in Roubles not USD

    then no problems, that is why the USA is still sitting pretty at the moment, it can just print what ever sum of money it needs to pay back any debt if needed.
     
    Court Jester, Dec 1, 2014
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  5. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

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    Time to start a war I reckon... Get a bit of nationalistic pride happenning.
     
    Naphthalene Man, Dec 2, 2014
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  6. Eruaran

    Eruaran Member

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    Eruaran, Dec 2, 2014
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  7. col0016

    col0016 Active Member

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    Isn't that only like US$35 billion though?
     
    col0016, Dec 3, 2014
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  8. volrathy

    volrathy Active Member

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    that sounds complicated just change the balance of the bank on the computer thats easier
     
    volrathy, Dec 4, 2014
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  9. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    printing wont fix it if their debt is in USD and not Roubles. Unless the Russians can now print USD?
     
    Court Jester, Dec 4, 2014
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