Ukraine Lurches Towards War

The video discusses the ruble's volatility, central bank interventions, and the economic implications of its decline. It highlights the historical context of the ruble's value, public confidence issues, and the impact on Russia's foreign reserves and budget. The central bank's role in managing the currency and the potential consequences of continued ruble depreciation are also explored.

What was the ruble's value compared to the dollar a year ago?

What impact does the ruble's decline have on the Russian budget, as mentioned in the text?