Advice to Russia after the central bankers hit him with this .. Furious Russia, Downgraded To Just Above Junk By S&P, Proposes Scorched Earth Retaliation Against NATO Countries Russia should withdraw all assets, accounts in dollars, euros from NATO countries to neutral ones Russia should start selling NATO member sovereign bonds before Russia’s foreign-currency accounts are frozen Central bank should reduce dollar assets, sell sovereign bonds of countries that support sanctions Russia should limit commercial banks’ FX assets to prevent speculation on ruble, capital outflows Central bank should increase money supply so that state cos., banks may refinance foreign loans Russia should use national currencies in trade with customs Union members, other non-dollar, non-euro partners
Posted on: Fri, 25 Apr 2014 17:16:53 +0000
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