Russia Has 1.9 Trillion Roubles In Debt Coming Due

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ryan71

Member
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
 
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:
 
ryan71 said:
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
Click to expand...


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.
 
volrathy said:
leo25 said:
Nothing a bit of printing can't fix.
Click to expand...

that sounds complicated just change the balance of the bank on the computer thats easier
Click to expand...

printing wont fix it if their debt is in USD and not Roubles. Unless the Russians can now print USD?
 
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