Russia Is on the Brink of First Recession Since 2009

The video discusses Russia's potential economic recession, the weakening ruble, and the challenges faced by domestic industries. It highlights the geopolitical implications of Russia's decision to drop the Black Sea pipeline, affecting countries like Serbia and Bulgaria. The video also examines Putin's strategies to maintain control, including potential government spending, and the historical shift in Russia's policies post-financial crisis. The discussion concludes with the challenges of managing the ruble's value and the impact on Russian purchasing power.

What is one of the main challenges for Russia's domestic industry despite a weakening ruble?

• Over-reliance on exports

• High inflation rates

• Difficult economic and legal environment

• Lack of skilled labor

What was the reaction of Serbia, Hungary, and Bulgaria to Russia's decision to move south with its gas?

• They were publicly frustrated

• They decided to impose sanctions

• They were indifferent

• They supported the decision

What is one of the strategies Putin might use to manage the current economic crisis?

• Cut government spending

• Increase interest rates

• Spend down currency reserves

• Increase taxes

What is a potential consequence of the ruble's continuous rise?

• Increased foreign investment

• Stronger purchasing power

• Collapse of the domestic market

• Higher export rates

What is a significant risk for Putin due to his recent actions?

• Economic growth

• Increased popularity

• Destruction of protective institutions

• Loss of international allies