UPDATE 2-Russian economy stagnates as capital flight hits $75 billion

Comments (7)
gail98 wrote:

This is an outright lie – Russia’s economy has grown 1.2% in Q2 and 0.9% in Q1. Also, Mr Uluykaev should be quoted and not Mr Klepach (never heard of the latter)? This is not the best journalism, Reuters.

Jul 09, 2014 9:23pm EDT  --  Report as abuse
LeRuscino wrote:

This story is not the truth & contains a lot of spin to creat some justification for Russophobia.

Capital flight from Russia was not significant within the normal fluctuations

BUT

The result of the US sanctions was actually the reverse of what is reported here & capital flight from from the USD is a multiple of 7 since the sanctions and this will rise significantly since the BNP fine.

The US is shooting itself in the foot for an asset grab in Ukraine that shows a loss of moral compass in the Obama regime.

Jul 10, 2014 3:12am EDT  --  Report as abuse
beelza wrote:

Having a difficult time understanding this:

“Capital flight from Russia was not significant within the normal fluctuations”

Jul 10, 2014 5:43am EDT  --  Report as abuse
LeRuscino wrote:

The reference that proves Reuters is lying in this article is :

http://www.tradingeconomics.com/russia/gdp-growth-annual

Time to grow up boys !!!

Jul 10, 2014 6:54am EDT  --  Report as abuse
LeRuscino wrote:

To “beelza” This article is a big lie!

US Economy in last Quarter is down 2.9% (that’s enormous) & Russian economy is up 1.2% in Q2 & 0.9% in Q1.

Capital flows in & out always fluctuate & US75Bn down in 6 months is nothing – we invest in Russia in Euro, CHF & GBP not USD as do many these days since the freezes – its not safe to keep currency reserves in USD any more.

Jul 10, 2014 7:16am EDT  --  Report as abuse
UScitizentoo wrote:

> Alexander Morozov, chief economist for Russia at HSBC in Moscow,
> said that the recent GDP data concealed an underlying downward
> trend in the Russian economy.

HA HA HA rasPutin failed leader of a failed nation state. Drill that oil baby because RUSSIA IS IN PERMANENT DECLINE.

> Russia Oil Exports Fall to Six-Year Low
> Oil falls below 100 per barrel, the point at which Russia
> needs to survive
GO GO rasPutin cursed leader of a cursed nation.

Jul 15, 2014 4:55pm EDT  --  Report as abuse
UScitizentoo wrote:

> Alexander Morozov, chief economist for Russia at HSBC in Moscow,
> said that the recent GDP data concealed an underlying downward
> trend in the Russian economy.

HA HA HA rasPutin failed leader of a failed nation state. Drill that oil baby because RUSSIA IS IN PERMANENT DECLINE.

> Russia Oil Exports Fall to Six-Year Low
> Oil falls below 100 per barrel, the point at which Russia
> needs to survive
GO GO rasPutin cursed leader of a cursed nation.

Jul 15, 2014 4:55pm EDT  --  Report as abuse
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