Can Anything Stop the Rubles Collapse?

The video discusses the rapid decline of a currency, highlighting the panic in financial markets. It covers the central bank's decision to hike interest rates by 17% to stabilize the currency, despite spending $80 billion in reserves. The economic outlook is grim, with predictions of a 4.7% shrinkage if oil prices remain low. Sanctions from the US add pressure, and there's concern about contagion to other emerging markets. Businesses, like Apple, are reacting to the currency's volatility by adjusting prices and sales strategies.

Discuss the implications of capital controls as mentioned in the text.

What challenges do Russian companies face due to the currency fluctuations?