
Russian President Vladimir Putin continues its aggressive policy towards Ukraine and prepares for war. This means that the sanctions will be in effect for several years.
According to the Censor.NET on this Facebook page posted the Russian opposition politician Boris Nemtsov.
Here is his opinion:
"What will happen to the ruble? The main thing is not to listen to Medvedev, who offers to keep money in rubles.
Russia started to print rubles to pay off debts to foreign banks.
The other day through the issue of loan was issued to Rosneft in the amount of 625 billion. Judging by the jump in the dollar, printed rubles immediately appeared on the currency market.
Now, look at a repayment schedule. Just Russia's debt to a huge amount-more than $ 700 billion. In December we have to pay more than $ 30 billion, and by 2015 more than 130 billion
The story of the "Rosneft" shows that Putin is ready to issue and the acceleration of inflation and carefully saves the national welfare Fund, fearing that foreign exchange reserves will end soon.
The General picture is as follows. Total foreign exchange reserves of the Central Bank 210 billion (without gold and illiquid securities) + NWF and Reserve Fund - 170 billion total 380 billion bucks that a lot.
To pay it 130 billion dollars or from reserves or through the issue. Or both.
If you know exactly what sanctions will cancel during the year, you can use the reserves and without issue. But not so sure.
Putin continues its aggressive policy towards Ukraine and prepares for war. Policy is not going to change.
This means that the sanctions will be in effect for several years, and therefore reserves is better not to spend and continue to print dollars.
Conclusions:
1. The growth rate in 2015 will be in double digits.
2. The ruble will fall even if the oil will cease to fall. The fall will be associated with the printing of rubles.
3. Keep your money in rubels in these conditions utter stupidity. Each day they depreciate.
Source: http://censor.net.ua/

