Imperialism and the ruble crisis

/pers-d18.html

  • Imperialism and the ruble crisis - World Socialist Web Site

    http://www.wsws.org/en/articles/2014/12/18/pers-d18.html

    Imperialism and the ruble crisis
    18 December 2014

    The plunge of the Russian currency this week is the drastic outcome of policies implemented by the major imperialist powers to force Russia to submit to American and European imperialism’s neo-colonial restructuring of Eurasia. Punishing the Putin regime’s interference with their plans for regime change in countries such as Ukraine and Syria, the NATO powers are financially strangling Russia.

    The sanctions imposed by the United States in response to Russian opposition to last February’s coup in Kiev has amounted to economic warfare. Over the past four months, the value of the Russian ruble has plunged by more than 50 percent. On Tuesday, as the ruble fell 10 percent against the dollar in one day, US President Barack Obama indicated he would sign a bill imposing even harsher sanctions on Russia and allowing Washington to directly arm the far-right, pro-NATO regime in Ukraine.

    #russie #crise_financière