Except that's not happening - the Russian Central Bank is helping companies with foreign debts....
http://www.usnews.com/news/business/...ies-meet-debts
And European countries exposure to Russian Government debt isn't as bad as the article makes out.
http://www.nytimes.com/2014/12/17/bu...isis.html?_r=0
Quote:
Largely because of Raiffeisen and Bank Austria, a unit of the Italian bank UniCredit, Austria is the eurozone country most exposed to tumult in Russia. The maximum potential loss is about 4 percent of Austrian gross domestic product, according to Oxford Economics.
French bank exposure to Russia is about 2 percent of G.D.P., according to figures from 2013, while for Italy the figure is about 1 percent. For Germany, Spain and most other eurozone countries, the exposure is well below 1 percent of G.D.P.
In a report in October, the Bank of France estimated that the country’s largest banks had loans and other investments in Russia of 47.3 billion euros, or $59.2 billion, at the end of 2013, a substantial sum but far less than their exposure to Western European countries like Switzerland or Belgium.
“If you compare those exposures to exposures to Greece at the worst of the crisis, banks are much less exposed to Russia,” Mr. May of Oxford Economics said.
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I think you may find Natural News (the source of the original article) is just a slightly more civilised version of sites such as National Enquirer or WND, with stories such as "
Tetanus vaccines found spiked with sterilization chemical to carry out race-based genocide against Africans".
Here is a much more even-handed article (imho) from the
Economist on the subject of oil and gas exports from Russia, showing how stopping these to Europe could really damage Russia much more.