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 […]