Is Russia Set for Repeat of 1998 Default on Ruble?

The transcript discusses the economic panic in Russia, with citizens rushing to exchange rubles for dollars, reminiscent of the 1998 crisis. The Russian banking sector faces challenges, and the economy is expected to worsen. In Germany, economic indicators show mixed signals, with some optimism. Governor Carney addresses financial stability, highlighting differences from 1998. Putin's rhetoric is analyzed, with concerns about geopolitical tensions and Russia's global role.

How do the geopolitical perceptions of Russia differ from its actual power on the global stage?

In what ways might the current economic challenges affect Russia's relationships with other countries?

What is the general attitude of the Russian leadership towards external influences on their economy?