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Russian Ruble Collapse Causes Panic as President Putin Introduces New Foreign Currency Controls - JB
Russia's Invasion of UKRAINE has caused Major Problems for the Russian Economy as Trade with Europe & the West has collapsed and Changes to the Global Supply Chain caused by the SANCTIONS have caused further problems. The value of the Russian Ruble has COLLAPSED over the past 12 months and the value has been drifting again after trading at MORE THAN 100 against the US Dollar recently. The initial response to this was for the Russian Central Bank to Hike Interest rates 3 times over the past 2 months however these increases have not worked and President Putin has now issued a DECREE introducing new FOREIGN CURRENCY CONTROLS. In this video I provide full details and discuss the implications for Russia.
Chapters:
0:00 Intro
3:11 CAPITAL CONTROLS
6:13 ELVIRA NABIULLINA
7:28 RUBLE
9:41 INTEREST RATES & INFLATION
12:19 SUMMARY & CONCLUSION
1 replies
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