Is Russia on the Verge of a Bank Crisis?

The video discusses the economic challenges faced by Russia, particularly its dependency on oil and lack of diversification. It explores the potential global impact, especially on Europe and the US, and highlights the importance of differentiation among emerging markets. The role of the Federal Reserve in managing interest rates and inflation is also examined, with predictions for economic trends in 2015.

What is the significance of oil dependency in the context of Russia's economy?

What approach does the speaker believe the Fed will take regarding interest rates in 2015?