Yesterday Bloomberg ran a piece saying that the Russian Central Bank was considering imposing capital controls.
As a result of the story, the ruble came under heavy selling pressure and the central bank was forced to intervene for the first time in months in the currency market.
Over-night the Central Bank have not only rubbished the claims as pure lies but have opened an investigation into market manipulation. The Russian government has also come out and said that capital controls are completely off the table, and yet, the western media continues to run stories of how Russia is considering imposing them.
There was an excellent piece last week by a colleague of mine on this site on why Russia is bringing in new legislation against foreign media.
Complete story at - Bloomberg Lied About the Ruble and Manipulated the Market - Russia Insider
As a result of the story, the ruble came under heavy selling pressure and the central bank was forced to intervene for the first time in months in the currency market.
Over-night the Central Bank have not only rubbished the claims as pure lies but have opened an investigation into market manipulation. The Russian government has also come out and said that capital controls are completely off the table, and yet, the western media continues to run stories of how Russia is considering imposing them.
There was an excellent piece last week by a colleague of mine on this site on why Russia is bringing in new legislation against foreign media.
Complete story at - Bloomberg Lied About the Ruble and Manipulated the Market - Russia Insider
No comments:
Post a Comment
All comments subject to moderation.