John Ward – Crash 2 : Why Russians Are Now The Biggest Converters Of Ruble Wealth Into Swiss Francs – 6 June 2012

The Ruble is a lead balloon signalling a Russian crisis to come

Just under a month ago, The Slog posted about the unfathomable depths of Russia’s true toxicity…and the level to which RBS is still, I understand, over-exposed to it. Then only five days ago I asked if ratings agencies know which way is up in Russia….because I suspect they don’t.