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| Spiegel |
Update yourself: Click This is what was going on in Ukraine and why Russia was involved.
Summary: There were protests in Ukraine. Half of Ukraine did not want to be involved with Russia. Protests ousted Ukraine President Victor Yanukovych, who was pro-Russian.
UPDATE STARTS HERE:
US warns Russia not to intervene in Ukrainian matters. Russia invades Ukraine taking over Crimea. Russian troops are telling Ukrainians to support the pro-Moscow leaders.
What is Ukraine thinking? Ukraine Prime Minister Yatsenyuk said: "If President Putin wants to be the president who starts the war between two friendly and neighboring countries, he has [almost] reached this target. We are on the brink of disaster. There was no reason for the Russian Federation to invade Ukraine."
Now Russia Is Going Crazy, Economically.
STOCKS: Russian stock market crashed (RTS Index is down 12 percent.)
CURRENCY: Russian Ruble plunged.
Silver lining: Norway’s Statoil stocks are benefitting. Why? They are the largest non-Russian supplier of gas to Europe.
Basically? Everyone is shutting out Russia.
What is Ukraine thinking? Ukraine Prime Minister Yatsenyuk said: "If President Putin wants to be the president who starts the war between two friendly and neighboring countries, he has [almost] reached this target. We are on the brink of disaster. There was no reason for the Russian Federation to invade Ukraine."
Now Russia Is Going Crazy, Economically.
STOCKS: Russian stock market crashed (RTS Index is down 12 percent.)
18:40
|
1,115.06
|
-12.01%
|
|
18:44
|
128.17
|
-1.31%
|
|
18:41
|
244.77
|
-0.50%
|
|
18:42
|
179.51
|
-0.47%
|
|
20:06
|
73.73
|
-0.98%
|
|
18:39
|
335.48
|
-8.08%
|
(Dollar hit all time high (1USD = 37 Ruble, 1EUR = 51 Ruble)
(good time to travel there)
Russian Central bank raised their interest rate from 5.5 percent to 7 percent to save their currency.
(sell your rubles)
COMMODITIES: Oil prices hiked. Russia is the world’s largest oil producer and the main supplier for refined products to Europe.
(good time to travel there)
Russian Central bank raised their interest rate from 5.5 percent to 7 percent to save their currency.
(sell your rubles)
COMMODITIES: Oil prices hiked. Russia is the world’s largest oil producer and the main supplier for refined products to Europe.
Silver lining: Norway’s Statoil stocks are benefitting. Why? They are the largest non-Russian supplier of gas to Europe.
Basically? Everyone is shutting out Russia.
What is the US doing? Secretary John Kerry has gone to Kiev for diplomatic talks/actions.
MAIN QIQ: Is the US going to go to war because of this? TBC
NEW UPDATE 3/6/14: Crimea Parliament is asking to be part of Russia (BBC). Further push for US Government to approve gas export proposals.
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