tag:blogger.com,1999:blog-3587064.post4028826977485723666..comments2023-06-19T13:39:00.651+02:00Comments on BONOBO LAND: Russia's Economic And Financial Meltdown Continues ApaceUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3587064.post-26072793987512808992008-12-20T14:35:00.000+01:002008-12-20T14:35:00.000+01:00"Would limits on trade hurt Russia itself? Nobody ..."Would limits on trade hurt Russia itself? Nobody will put a tariff on oil and gas? If that's the case what can be offered to prevent it?"<BR/><BR/>Well in the short run obviously it wouldn't, since Russian companies are simply wilting on the vine (although obviously in the longer run its supports non competitive parts of the economy), but then you need to think, if everyone adopts administrativeEdward Hughhttps://www.blogger.com/profile/10384039867580949531noreply@blogger.comtag:blogger.com,1999:blog-3587064.post-40456061060382239462008-12-20T11:05:00.000+01:002008-12-20T11:05:00.000+01:00Would limits on trade hurt Russia itself? Nobody w...Would limits on trade hurt Russia itself? Nobody will put a tariff on oil and gas? If that's the case what can be offered to prevent it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3587064.post-81379811664029500842008-12-18T12:30:00.000+01:002008-12-18T12:30:00.000+01:00Hello Oliver,Well if Russia stops defending the cu...Hello Oliver,<BR/><BR/>Well if Russia stops defending the currency the reserves should be sufficient, since if they allow it to devalue to a reasonable level they will not need to spend reserves buying ruble. So there will be no reason to attack the currency as such. Of course, that isn't the end of Russia's problems by a long way.<BR/><BR/>"Secondly if the rubel falls won't that increase nominalEdward Hughhttps://www.blogger.com/profile/10384039867580949531noreply@blogger.comtag:blogger.com,1999:blog-3587064.post-67874225294446089702008-12-17T22:34:00.000+01:002008-12-17T22:34:00.000+01:00So how long will the reserves hold if Russia stops...So how long will the reserves hold if Russia stops defending its currency? Secondly if the rubel falls won't that increase nominal profits from gas and oil exports easing the budget deficit? If Russia devalues how bad can inflation get? Will Russia turn to administrative measures to substitute imports?Anonymousnoreply@blogger.com