It was precisely this mentality of preferring to cut losses in time rather than pay for a financial market collapse that led a large number of stock investors to sell off their rubles, causing the ruble to depreciate in the short term.

In addition, Russia's economic structure is severely unbalanced, its financial system lacks transparency, and its management and supervision are lagging behind. Therefore, once the stock market is targeted by international hedge funds, they have almost no power to fight back.

A year ago, Russia introduced reform measures for its domestic financial system, which included corresponding adjustments to fiscal and tax policies, state-owned capital, and other aspects.

In terms of fiscal and tax policies, the government will continue to maintain a tight monetary policy while opening up the market, promoting the privatization and private ownership of state-owned assets, improving the efficiency of enterprise production, and continuing to issue government bonds to maintain a certain level of fiscal deficit.

However, since the securities issued during this privatization reform were not subject to trading restrictions, some people took the opportunity to acquire privatization securities on a large scale. After accumulating government bonds, these people became the leading acquirers of privatization securities, and later these people became the prototypes of the Russian oligarchs.

In the late 1950s and 60s, Russia was plagued by a prolonged economic downturn, and no matter how many economic stimulus policies were introduced, it could not escape the embarrassing situation.

A series of economic stimulus policies have failed to achieve the desired effect, and Russia's fiscal deficit has become increasingly serious, leaving it with no choice but to issue large amounts of government bonds.

The subsequent "shock therapy" economic policy not only failed to heal Russia's economy, but also directly dealt a severe blow to Russia's financial market.

As the ruble depreciates domestically, the unemployment rate is also rising sharply, causing widespread hardship among the people.

In an effort to change the status quo, Russia has been continuously raising bank interest rates to attract investors.

With its open economy and preferential domestic policies in both politics and economics, Russia has attracted a large influx of foreign capital. However, what is disheartening is that this capital has been integrated into Russia's sluggish financial market, amplifying the economic problems that already existed in the country.

The turmoil in the Russian stock market is a disaster for stock markets worldwide, but for the Soros Group, it is a perfect opportunity for an attack.

After obtaining the devaluation data, Robertson triumphantly approached Soros.

Robertson was tasked with suppressing the ruble, and he certainly had reason to be proud.

Especially in front of Soros!

......