Blimey - what a day for the Russophile...
Ever since I can remember it's always been about 50 rbls to the pound, since sept or so it's slipped but as of tonight it's 102 rbls to the pound and the Central Bank has raised interest rates in Russia to 17% (from 10.5%).
I think Vova has bitten off more than he can chew now, he might be strong like Ox, but can he sake his New Russians' desire for Western Goods, maybe so cos twice as much to them is still nowt, but 17% - crikey, that will hit the average Ivan...
stek
CUK Ecommmomik reportage
Been for a pint
Going to bed
Freedom for Tooting....
Ever since I can remember it's always been about 50 rbls to the pound, since sept or so it's slipped but as of tonight it's 102 rbls to the pound and the Central Bank has raised interest rates in Russia to 17% (from 10.5%).
I think Vova has bitten off more than he can chew now, he might be strong like Ox, but can he sake his New Russians' desire for Western Goods, maybe so cos twice as much to them is still nowt, but 17% - crikey, that will hit the average Ivan...
stek
CUK Ecommmomik reportage
Been for a pint
Going to bed
Freedom for Tooting....
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