Word has leaked out of the Federation that urbanites in Moscova are not up to speed on their rent payments. In fact, many are walking away from commercial leases, turning out the lights, and disappearing into the frosty night/day. Trendy Tserskaya Street has more empty space than has been noted in many moons. Those still open for business are actively seeking new rates from Russyan landlords. Despite leases spelled out in dollar amounts, the roubles' slide vs. the dollar has taken a toll on business growth, especially at retail.
The future does not look good: the dollar is projected to get stronger over the next couple of years, at least, and will maintain its position as the world reserve currency. The dollars held in foreign exchange are higher than they have been in a long time, and foreign banks continue to buy dollars, abandoning pretenders such as the Euro, the yuan, the Swiss franc, and the Argentine Peso(joke). The price of a barrel of oil will remain low and this does not bode well for the Russyan rouble. Europeans still regard anything having to do with Mad Vlad as suspect, especially his roubles. Yes, many depend on export surplus trade with Moscova, but there are other markets available. Commerce is increasingly global, and the internet has connected everybody, including buyers and sellers.
So, Bunkie, do you own real estate in MOscova? Dump it now before the rush. Buy waterfront property in Greece: better bet today.
Oh, and about the blast off to the Space Station with the American astronaut on board with 2 Russkys? Everybody like a publicity stunt, even mad Vlad. Look what he did with Crimea-What a Stunt!
Will sanctions continue against select Russyan individuals and banks? Yes, with capital "Y".
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