[Winger]

If you are Russian and you are in the market for a new car, its not a great time for you. Jaguar Land Rover, along with General Motors and Audi, have suspended vehicle sales in Russia because of the weakening ruble, which lost 40 percent of its value since June. Vehicle sales in the country have decreased by 12 percent this year. Who knows when these companies will resume sales. A lot depends on when and if Russia can shore up its currency and economy.

http://www.4wheelsnews.com/gm-audi-and-jaguar-land-rover-suspend-sales-in-russia-over-weak-ruble/

 

[Kingpin]

Wow that's brutal

I think it's only going to get worse for Russia.

Already Russia's very wealth have already started fleeing the country, a lot have headed to London.

 

[Winger]

I don't think that Russia is going to change course though, it would be seen as surrendering to the west. A lot depends on whether oil prices continue to slide. I don't think that even the Russian people having broken moral. They support Putin and aren't sympathizers with the west.

 

[Kingpin]

No one wants to sympathize with the west

 

[john]

i had a feeling it would get to this as for some time i have been following what's been going on in russia.

 

[Kink]

I don't think that Russia is going to change course though, it would be seen as surrendering to the west. A lot depends on whether oil prices continue to slide. I don't think that even the Russian people having broken moral. They support Putin and aren't sympathizers with the west.

Tyhe ruble isn't something russia is able to 'fix' on their own. Its caught in the geopolitical crossfire. EVERYONE is pumping oil fight now at MAX capacity, its global glut...THIS is where Russia is getting hammered, and it won't stop until the Saudis blink, which they won't...

Cut out the pop news propaganda...

 

[Winger]

Wow that's brutal

I think it's only going to get worse for Russia.

Already Russia's very wealth have already started fleeing the country, a lot have headed to London.

That'll work for some, unless they are on the list of sanctioned individuals. Many wealthy Russians live abroad anyway, so hitting those people with sanctions could make them pretty angry. I still don't think that will lead to any change.