Is Panic Sweeping Through Russias Markets?

The video discusses the severe financial crisis in Russia, highlighting the dramatic decline of the ruble, which experienced its worst day since 1998. The ruble's value dropped significantly against the dollar, and bond yields surged, indicating market instability. The cost of bond insurance also rose sharply. Economists suggest that Russia may respond with currency interventions, rate hikes, or capital controls to stabilize the situation.

What was the highest cost of insuring against a debt default in December 2023?

What measures are economists suggesting to stem the panic in Russia's financial system?