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| Caucasus/Russia/Central Asia |
| Russian action spooks investors |
| 2008-09-06 |
| Russia's stock market loses more than 30% of its value as foreign investors pull out after the country's intervention in Georgia. |
| Posted by:Fred |
| #8 They'll nationalize. It's only a matter of time, that's why the investor pullout. |
| Posted by: Sleack Guelph4631 2008-09-06 19:24 |
| #7 So they're following the California model of a bunch of dialectic entrenched oligarchs crashing the economy and driving investments out of the borders while they pursue their own power interests? |
| Posted by: Procopius2k 2008-09-06 09:36 |
| #6 Russia will make $200 billion from oil and gas exports this year. That's with a GDP of $1200 billion. Other raw materials exports are also doing very well. There's plenty of money for the KGB princes and oligarchs to steal and still provide a few crumbs for the peasants. |
| Posted by: ed 2008-09-06 09:29 |
| #5 I read the other day that some US $25 billion had been pulled out of the economy, separate from the stock market. That may be a rumour, though. |
| Posted by: trailing wife 2008-09-06 08:29 |
| #4 the good news is they won't have as much money to "invest" in our election process. |
| Posted by: Betty Grating2215 2008-09-06 04:28 |
| #3 It is not what the were doing that was entirely wrong, but how they went about it that bothers me. Another time, another place, another way, and another intent would have had me happy with a rise in Russian power. |
| Posted by: newc 2008-09-06 04:24 |
| #2 Oh boy, weak currency, dropping oil prices and a down market. Those poor KGB millionaires stand to lose a killing. |
| Posted by: Mike N. 2008-09-06 01:22 |
| #1 The ruble is taking a beating as well - nobody wants to hold that currency given how irrational an actor the Putin gangster state has become, so Russia's central back has had to step in multiple times to bolster the Ruble against people that are going back to dollars and Euros. |
| Posted by: OldSpook 2008-09-06 00:19 |