USA: Some scary observations from Bloomberg senior markets reporter Nikos Chrysoloras, as tweeted late on Sunday.
1) BP decided to take a hit of as much as $25 billion, just to leave Russia immediately
2) Russia’s bond market is collapsing
3) Russians lined up at cash machines around the country to withdraw foreign currency
4) Unless there’s a surprise de-escalation, Monday may turn out to be a dramatic day for the ruble, Russian stocks, and European markets
5) The European Union closed its airspace to Russia. The blockade applies to any plane owned, chartered or otherwise controlled by a Russian person. Unprecedented
6) The decision to exclude Russian banks from the SWIFT messaging system could result in missed payments and giant overdrafts within the international banking system
7) The EU is going after oligarchs. Essentially now the entire political and economic elite of the country is sanctioned
8) The U.S. Embassy in Russia said citizens in the country should consider departing *immediately* – The EU approved $500 million in lethal military aid to be used against Russia’s invading forces in 🇺🇦 and banned 🇷🇺 state media – also unprecedented
9) The EU also banned all transactions with the Russian central bank, severely curbing its ability to use foreign currency reserves to cushion the devastating blow from the sanctions
10) The situation on the front is unclear, but it seems Ukrainian facilities containing nuclear waste suffered damage
11) Putin says he put his nuclear forces on “high alert“. Unclear what this means and what are his intentions. On the tactical side, things are definitely not going as well as he had hoped
12) Could planned talks lead to some sort of resolution? Unclear what could a mutually acceptable solution be
13) Meanwhile, Chancellor Olaf Scholz announced plans for a massive boost in defense spending in the latest historic policy shift in Germany triggered by Russia’s invasion of Ukraine.
Or put another way…
BY TYLER DURDEN
Join: 👉 https://t.me/acnewspatriots
The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of AC.NEWS
Disclaimer: This article may contain statements that reflect the opinion of the author. The contents of this article are of sole responsibility of the author(s). AC.News will not be responsible for any inaccurate or incorrect statement in this article www.ac.news websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner. Reprinting this article: Non-commercial use OK. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
Discussion about this post