Falling Oil Prices Cramp Mr. Putins Style

The video discusses the current state of energy stocks and oil markets, highlighting Kuwait's prediction of oil prices stabilizing at $65 per barrel. This price point poses challenges for countries like Venezuela, Nigeria, and Russia, which rely on higher oil prices to balance their budgets. Russia, in particular, faces economic difficulties, with rising bond yields and increased default insurance costs. The Russian Central Bank may raise interest rates to stabilize the ruble, but the outcome remains uncertain.

What significant change occurred in Russian bond yields last week?

What action is the Russian Central Bank expected to take regarding interest rates?