Russian President Vladimir Putin said here on Monday that Western sanctions targeted at Russia had cost his country an estimated $160 billion.
Despite the fall in global oil prices from $100 to $50 per barrel and the efforts of Russia's European "quasi- partners" to restrict the availability of financial services for Russian banks, Russian firms were nevertheless well placed to repay outstanding debts, said Putin at a meeting of legislators here in the country's northern capital.
"Someone was seemingly counting on a collapse," Putin said of external attempts to weaken his country. "But no collapse has happened. In fact, the Russian economy has overcome these artificial barriers relatively easily," Xinhua quoted the Russian president as saying.
Putin also admitted that internal as well as external factors had contributed to the country's recent economic downturn, citing in particular the effect of disproportionate wage rises relative to productivity gains.
Falling commodity prices had also affected the Russian ruble as the Russian Central Bank was forced to move to a floating exchange rate. "This did indeed lead to a devaluation of our currency, but it was the only economically feasible way to deal with the situation," Putin added.
Oil Prices Stabilizing, Russia Does the Same: Donovan
UBS Investment Bank Global Economist Paul Donovan discusses the outlook for the Russian economy and its impact on markets. He speaks with Francine Lacqua and Guy Johnson on Bloomberg Television’s “The Pulse.” (Source: Bloomberg)
Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of crude oil, natural gas liquids, and natural gas in the United States. It operates primarily in the Rocky Mountains, Permian Basin, Mid-Continent, Michigan, and Gulf Coast regions. The company primarily sells oil and gas to end users, marketers, and other purchasers. As of December 31, 2012, its estimated proved reserves totaled 378.8 million barrels equivalent of oil; and had interests in 10,218 gross productive wells in approximately 1,277,400 gross developed acres. The company was founded in 1980 and is based in Denver, Colorado. (collapse)
As the Russian currency continues to suffer given the slumping prices of crude, the deputy economy minister of the country has on Wednesday expressed that inflation in the country could hit 17 per cent this year.
Alexei Vedev reportedly said that inflation will come in during March - April when the year –on -year inflation could touch 15 to 17 per cent.
The official inflation has already reached 11 per cent as the rouble has been blown hard by falling oil prices and the Western sanctions over Ukraine conflict.
Kudos, to Christie, for sticking it to #obama where it hurts! Our gdp figures for the country as a awhole are $4 trillion off the mark where they are supposed
Listen to me live on am/fm radio completely explain why this 2700 page bill called the Affordable Care Act! is impeding any type of economic forward upswing. Rather impending implications regarding the postponed Obamacare mandate that became effective January 1, 2015 has signaled the new IRS fine stipulation imposed on small business owners. If they have an employee work over 30 hours and are not at least offered by the Business Owner/Company to buy into a group plan, the business is fined 2700 by the IRS. SO in order to avoid thenew alliteration of this fine, and also to avoid the complexities of added expenses for the business owner to even supplement a part-time 30 hourer work health insurance, they can hire only part time workers.be and all thanks to #barackobama
Governor Chris Christie (R-NJ) stabbed President Obama in the back over the weekend, claiming that after six years, we still “don’t know” whether Obama cares about the United States.
This is coming from the man who knows that President Obama cares about the U.S. because Obama put aside all partisan differences when Christie’s state was hit by a devastating hurricane, and even gave the Governor access to him 24 hours a day in case Christie needed anything.
Reporting for CNN from Nashua, New Hampshire in a piece titled “Christie: ‘We don’t know’ whether Obama cares about the U.S.”, Cassie Spodak wrote:
“I feel like we really have had a President for the last six and a half years that we still don’t even know,” Christie said at a town hall event in Exeter, New Hampshire. “We don’t know what he really believes in. We don’t know what he really is willing to fight for. We don’t know whether he’s really willing to fight for anything.”
Christie added: “We don’t know who he really likes or dislikes. We don’t know whether he really cares about his own party, or the other party, or about the country.”
We don’t know what Obama stands for? Really? President Obama has made it perfectly clear what he stands for, and unlike Governor Christie, Obama actually stands for those things even when the heat is on.
Chris Christie was all about President Obama when he needed something for his state, but now that he is losing support for his hopeful bid for the GOP nomination, Chris Christie is all bluster and projection. It is Christie, of course, who is demonstrating someone who does not stand for their principles, when he stabs Obama in the back questioning the President’s patriotism.
We don’t know if Obama is willing to fight for anything? LOL. See Obamacare. That was a bit of a fight. It made a stir. It’s still making a stir. So, count one for the rest of the country knows that Obama is willing to fight for affordable health insurance for everyone.
What is Christie willing to fight for? His state? Yes, but now that he got what he wanted, he’s all mean girl in the hallway — no spine, no backbone. No courage to stand for what he really believes in.
We don’t know who Obama likes? Yes, it’s true, the President isn’t someone who makes decisions based on personal emotions. He doesn’t run around bullying school teachers like Christie does. And in Christie’s circles, this is a sign of strength — bullying a constituent. So it follows that because Obama doesn’t make it a habit to bully people like a crude school yard child, Christie isn’t sure who he “likes”. President Obama is a person of ideas, not personalities. He’s a thinker. But he is also a man of decisive action, who made the call to get Bin Laden. We aren’t sure who he likes? That’s just weak tea politics.
Chris Christie is suffering from a string of high profile investigations and accusations, so naturally he is turning to Obama hate to save himself. If he just hates Obama enough, and accuses the President of not loving America, Republicans will love him.
And what does that say about Republicans? They don’t seem to care what a candidate stands for — so long as the candidate will act like a school yard bully tossing rocks at the President. The GOP seems to know no bottom for juvenile, childish behavior. Chris Christie is proof of that.
I like this article198This is not for me3
Chris Christie Stabs Obama in the Back While Trying To Revive His Dead White House Dream was written by Sarah Jones for PoliticusUSA.
If any sort of disaster befalls New Jersey again, President Obama should basically say ‘Nope. I’m not helping you, Governor Christie. I helped you and your state when Hurricane Sandy hit and this is how you repay me for my help? No… you should suffer and unless I get an apology for your back stabbing comment, I and the federal government won’t help your state at all.’
If CHristie properly funded and managed NJ, perhaps the Division of Taxation would be able to process TAX REFUND checks in a timely manner.
Their processing is taking longer than ever.
Perhaps, since Christie gave $1 Billion tax breaks to those making over $400K a year, over the past 5 years, there isn’t enough money in the state to float the refund checks of money that should be available, since it was effectively an overpayment.
Thats after Christie stole their pensions. Sandy money not appropriately distributed, that needs investigating. This fat slob will never be president, his corruption precedes him. Christie and his accomplices have mismanaged and diverted funds appropriated for disaster relief into real estate projects for his wealthy donors/friends. Something he should be jailed for.
But that wouldn’t be Obama to pull that; if the situation occured again, he’d pitch in just as before, because, unlike the pack of feral children that pass for candidates, Obama has character, class and humanity, words which the Right may mouth but never embody.
Agreed. He would not retaliate, in that manner at least, because it would hurt the residents of NJ. He won’t take we the people out just to score political points. He’s better than that.
Kudos, to Christie, for sticking it to #obama where it hurts! Our gdp figures for the country as a awhole are $4 trillion off the mark where they are supposed to be and all thanks to #barackobama Listen to me live on am/fm radio completely explain why this 2700 page bill called the Affordable Care Act! is impeding any type of economic forward upswing. Rather impending implications regarding the postponed Obamacare mandate that became effective January 1, 2015 has signaled the new IRS fine stipulation imposed on small business owners. If they have an employee work over 30 hours and are not at least offered by the Business Owner/Company to buy into a group plan, the business is fined 2700 by the IRS. SO in order to avoid thenew alliteration of this fine, and also to avoid the complexities of added expenses for the business owner to even supplement a part-time 30 hourer work health insurance, they can hire only part time workers.youtube.com/watch?v=gauwxH…
facebook.com/pages/Christie-2016-It-T...
getting the word out about christie and enjoying it