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Russian Ruble Collapses to Record Low as Economy Crashes, Fuel Export Ban Continues - Joe Blogs
Russia's Invasion of UKRAINE has caused Major Problems for the Russian Economy as Trade with Europe & the West has collapsed and Changes to the Global Supply Chain caused by the SANCTIONS have caused further problems. The value of the Russian Ruble has COLLAPSED over the past 12 months and on 3rd OCTOBER the value fell to more than 100 against the US Dollar. The only other time that this has happened was 14th AUGUST when the Russian Central Bank called an Emergency Meeting and Hiked Interest Rates by 350bps. In this video I discuss this issue in more detail and the implications for the Russia Economy.
Chapters:
0:00 Intro
5:17 RUBLE
7:01 EXPORTS & IMPORTS
10:01 INFLATION
11:37 INTEREST RATES
13:55 BALANCE OF TRADE
16:02 CURRENT ACCOUNT
17:17 SUMMARY & CONCLUSION