Video Summary The Russian Ruble has been experiencing a significant decline in value, falling from 83.5 to the US dollar in June to over 97 today. This is a 16% decline, which is a complete collapse of the currency. The Russian Central Bank’s attempts to support the ruble are failing, and the value of the […]
Video Summary Argentina’s economy has been in a state of disarray for decades, with six recessions in the past 10 years and nine international debt defaults. The country’s latest president, Javier Mele, was elected on a promise to reform the economy, and he has made significant changes in the past eight months. Mele has reduced […]
Video Summary The Organization of the Petroleum Exporting Countries (OPEC) has announced that it will extend its oil production cuts until 2025, which will have a major impact on Russia’s oil income. Russia is a member of OPEC+, which consists of 23 oil-producing countries that collaborate to manage oil production and prices. OPEC+ has cut […]
Video Summary The Russian economy is currently facing a significant challenge as a result of the war in Ukraine, with over $300 billion in assets frozen due to international sanctions. These assets, held in overseas institutions, were frozen by financial institutions immediately after Russia’s invasion of Ukraine in 2022. The frozen assets are estimated to […]
Video Summary Russia’s Economy in Crisis: The Struggle to Raise Bonds Russia, once a thriving economy, is now facing a severe crisis. The country’s reliance on bonds to fund its expenditures, particularly since the invasion of Ukraine, has led to a significant struggle to raise capital. Despite high interest rates, which have increased to 19%, […]