Rubles Collapse: How Much More Can It Fall?

The video discusses the significant decline of the Russian ruble, which has fallen over 80% in the past year. This decline is linked to falling oil prices and increased sensitivity of the ruble to these prices. The Russian Central Bank predicts a 4.5% economic shrinkage if oil prices remain at $60 per barrel. Additionally, the US Congress has passed legislation allowing President Obama to impose new sanctions on Russia and provide military aid to Ukraine.

What has been the percentage decline of the ruble over the past year?

What does the Russian Central Bank predict for the economy if Brent oil prices remain at $60.00 a barrel?

How has the sensitivity of the ruble to oil prices changed recently?

What legislation did Congress hand to President Obama regarding Ukraine?

What measures were included in the spending bill approved by the Senate?