Is Putin Feeling the Weight of Oil, Ruble, Sanctions?

The video discusses the abrupt devaluation of the Russian ruble, primarily due to the collapse in oil prices and the severe impact of Western sanctions. It highlights the unexpected economic challenges faced by Russia, including potential recession and capital flight. The cancellation of the South Stream pipeline is linked to these sanctions, and the market's demand for higher interest rates and concerns over capital controls are explored. The video also emphasizes the need for Russia to diversify its economy, drawing lessons from Mexico's experience.

What are the potential risks for investors considering entering the Russian market?

In what ways can Russia learn from Mexico's economic diversification?