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Ruble Pain: Russians With Consumer Debt Denominated in $ Are Freaking Out (Video)

Members of the liberal pro-Western opposition are nowhere to be seen

 

This post first appeared on Russia Insider


Russian state owned ‘reality glossing’ national news channel Rossiya-24 reports on a mass protest in the center of Moscow by the people who have to repay their USD denominated loans as the Ruble exchange rate plummets.

For those rash enough to take out loans in dollars, life has become distinctly harrowing lately.

Clients who now have to pay 84 rubles for 1 USD instead of 30 2 years ago, demanded that their debt be restructured by storming an uncompromising bank, Delta Credit, started, um by Americans, and chaining themselves inside.

Liberal pro-Western oppositionists don’t usually come near such protests as they are associated with promoting economic policies that encouraged using foreign currency in domestic operations in the first place.


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