In the week between March 12 and March 18, investors removed $1.4 billion from Russian assets. According to a review by the company BCS Global Markets, this represents the largest weekly capital outflow ever recorded from the country.
The previous week’s outflow rose to $590 million. Between March 12 and 18, the ruble also lost about eight percent of its value.
THE ECONOMICS OF RUSSIA’S COVID-19 PANDEMIC
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- (c)MEDUZA 2020
With the extremely low oil prices whittling away at the Russia’s capital reserves and the way mafia land is handling the corona problem, investors don’t see this country as a safe haven for their money. I wouldn’t either, even without these two newest and most significant issues.
Looks like the China virus could finally be the crushing sanction we’ve been waiting for. Strange to be thankful for such a plague but it is what it is…
Fuck Putin and his broken promises…everything is leaving his toilet and he should end up hanging from a rope this year.