Russian Ruble Continues Crashing - Joe Blogs

[TexasTowelie]

In this video I discuss the continuing decline in value of the Russian ruble which has fallen at an accelerating rate over the past 7 days. China is Russia's biggest trading partner for both imports and exports but is only prepared to make and receive payments in Chinese yuan and the payments are now being impacted by the threat of secondary sanctions. The sanctions exacerbated a liquidity crisis in Russia and a huge increase in costs for Russian businesses and consumers. This is now driving up inflation and an increase in interest rates to combat the rise.

Chapters:
0:00 Intro
2:12 RUBLE
5:39 WHY?
8:26 IMPLICATIONS
12:23 FOREIGN CURRENCY

[keithbvadu2]

1. Trump's tariffs would certainly fix this problem.

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