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Russian Ruble Crisis - Joe Blogs
In this video I discuss the recent strengthening in the value of the Russian Ruble. Ordinarily an increase in the exchange rate would indicate that the underlying economy is also strengthening however the direct link between the currency and the economy has been broken in Russia as a result of the financial sanctions and the actions of the Russian Central Bank which has been supporting the value of the Ruble. One of the unexpected implications of the currency manipulation is that both Russia businesses and the Russian Economy are now suffering from falling ruble revenues and this is bad news for the Russian Economy.
Chapters:
0:00 Intro
3:14 IMPORTS
7:08 EXPORTS
10:11 COSTS
11:09 2025 BUDGET
12:23 SUMMARY & CONCLUSION