Video Summary Russia’s plan to establish the ruble as a premier global currency has been dealt a significant blow. Despite initial efforts to make it a widely accepted currency, particularly in the energy sector, Russia’s two largest trading partners, China and India, have rejected the proposal. They prefer to deal in their own currencies, rather […]
Video Summary Russia’s economy is facing severe problems, with inflation rising at an alarming rate and interest rates skyrocketing to a 14-year high of 18%. The Russian Central Bank has increased interest rates by 10.5% over the past 12 months, and inflation is expected to rise from 4% to 6.5-7% in 2024. This is a […]
Video Summary Here is a summary of the article: The Russian economy is facing significant challenges, including the seizure of Western assets and businesses. One recent example is the liquefied natural gas (LNG) facility, designed by the German company Linder, which was expected to produce 13 million tons of LNG per year. However, due to […]
Video Summary Russia is currently facing a severe shortage of skilled workers, with an estimated 4.8 million vacancies unfulfilled due to a declining population and birth rate. According to the Russian Central Bank, the country is not producing enough workers to meet the demands of its growing economy. The shortage is attributed to a combination […]