City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)

[fbloke]

If we take a look at Russias foreign reserves we might notice that it´s shrinking yes, so obviously they are hurting but they still got $420bn stashed away mostly in gold and euros which might very well tide them over a considerable time.

9 months worth left by best estimates.

And then what?

 

[adrianr]

If we take a look at Russias foreign reserves we might notice that it´s shrinking yes, so obviously they are hurting but they still got $420bn stashed away mostly in gold and euros which might very well tide them over a considerable time.

9 months worth left by best estimates.

And then what?

They march.

 

[squirtyflower]

If we take a look at Russias foreign reserves we might notice that it´s shrinking yes, so obviously they are hurting but they still got $420bn stashed away mostly in gold and euros which might very well tide them over a considerable time.

9 months worth left by best estimates.

And then what?

bombs everywhere, everywhere i tell ya

 

[kinkysleftfoot]

Re: City & FFP (continued)

If we take a look at Russias foreign reserves we might notice that it´s shrinking yes, so obviously they are hurting but they still got $420bn stashed away mostly in gold and euros which might very well tide them over a considerable time.

Tell that the currency markets mate.

They are on the cusp of financial Armageddon if not already in it.

And that is very worrying!

 

[SilverFox2]

If we take a look at Russias foreign reserves we might notice that it´s shrinking yes, so obviously they are hurting but they still got $420bn stashed away mostly in gold and euros which might very well tide them over a considerable time.

9 months worth left by best estimates.

And then what?

bombs everywhere, everywhere i tell ya

Not sure if Mr A. (Chelsea owner) still receives money from his manipulation of licences to extract oil in USSR but his close friendship with Mr Putin at one stage made him the only Russian oligarch to stay out of prison.
I wonder how his fortune will be affected?

 

[squirtyflower]

9 months worth left by best estimates.

And then what?

bombs everywhere, everywhere i tell ya

Not sure if Mr A. (Chelsea owner) still receives money from his manipulation of licences to extract oil in USSR but his close friendship with Mr Putin at one stage made him the only Russian oligarch to stay out of prison.
I wonder how his fortune will be affected?

i sincerely hope nothing bad would possibly happen to the lovely, honest, hardworking, family man from the Urals

 

[Manc in London]

The sanctions didn't touch them. The US, with OPEC are crippling them.

Indeed. A blatant attempt by the US and friends to squeeze the pips out of Russia. To be fair to them, it is working a treat.

Too well if you ask me mate in all seriousness.

Aye, it's going too far.

 

[Manc in London]

If we take a look at Russias foreign reserves we might notice that it´s shrinking yes, so obviously they are hurting but they still got $420bn stashed away mostly in gold and euros which might very well tide them over a considerable time.

Regardless of the reserves, the government are struggling to control the economy. Hence the 6.5 percentage point increase in the rate of interest.

 

[EalingBlue2]

OPEC's move is about the U.S. not Russia and it is because the U.S. is a couple of years of energy independence which countries like Saudi are terrified about, their concern is if the ,U.S. doesn't need their oil will they still play as hard in the area ,

At less than 80 bucks a lot of US producers go into loss especially in n dakota, a lot of that shale oil extraction is funded on debt most of which needs renewing in 15 and 16 - if they are losing money refinancing is hard and a credit crunch could occur - OPEC is pushing this to get US commitments post energy independence - it is a very very high stakes poker - Russia is cholateral damage and this is not a bad thing for the U.S. or Europe.

 

[oakiecokie]

So long as the ordinary russians are struggling to pay for their holidays, it can be no bad thing for the world.

I`ll second that mate.The worst bastard holidaymakers in the world and without doubt the rudest.Queues ??? They don`t fucking exist,jumping ahead of everyone,especially in the restaurants.