The value of the ruble is now less than 1 cent(s). It is estimated that Putin will have to raise interest rates to approximately 20% according to the international bond markets.
At 20% rates it is widely accepted that there will be no takers on any Russian bond offerings.
Chinese property investments are now failing to pay their interest obligations to investors. The unemployment rate for young Chinese workers is over 25%. At the 25% unemployment rate figures China invoked a no reporting mandate countrywide.
