Yellen: Russia Spillover to U.S. Likely to Be Small

The video discusses the economic challenges in Russia due to falling oil prices and the ruble's depreciation. It examines the potential spillovers to the US, highlighting that trade and financial linkages are minimal. The US is less than 1% dependent on Russian trade, and financial exposure is small. In contrast, Europe is more exposed due to its reliance on Russian oil and gas, and stronger financial connections.

What are the financial linkages between the U.S. and Russia, and how significant are they?

In what ways is Europe more exposed to Russia compared to the United States?