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La Russophobe 
Did anyone see the article on the Budanov parole by Andrei Babitsky on Prague Watchdog? It was pretty good.
It is official, the Russian Central Bank has thrown in the towel when it comes to defending the ruble. Today, officials have stated that they have widened the new trading band for the ruble and upped the limit of its USD/Euro basket to 41 rubles. This means, effectively, that the ruble can drop down in value to 36 rubles to the dollar.
What reason did the bank give? The falling reserves. The Russian reserves have now dropped below $400 billion and the bank acknowledges that it cannot continue supporting the ruble.
Expect a steep drop in the value of the ruble first thing tomorrow morning as anybody who actually believed the Russian propaganda and wasn’t smart enough to trade in their rubles for dollars floods the market and quickly pushes the ruble down.
Source: http://gazeta.ru/financial/2009/01/22/2928286.shtml