RUSSIAN Ruble & Economy Collapsing #shorts #russia #russianeconomy #russiaukrainewar #ruble
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Video Summary
Over the past week, the value of the ruble has experienced a significant decline, causing problems for Russia due to its impact on imports and exports. Russian companies are struggling as the value of the ruble rapidly deteriorates. This decline is linked to fundamental issues in the Russian economy. Rising inflation has been a persistent problem, with a 12-month streak of increases, now above 9%. Interest rates have also surged, rising seven times in 14 months and currently sitting at 19%. It’s likely they will reach above 20% by the end of the year. The key indicators suggest serious problems in the Russian economy, and the ruble’s recent performance confirms this.
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