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 Here is a summary of the article: The Russian economy is facing a worrying rise in corporate bankruptcies, with a 60% increase in January and February 2024, according to the Russian newspaper Kommersant. This is a significant concern as Russia’s economy is struggling, and companies are being squeezed by rising inflation, which has […]
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%, […]