Russia Raises Rates to Stop Ruble From Crashing

The video discusses the economic challenges faced by Russia due to the ongoing war and sanctions. It covers the ineffectiveness of rate hikes and capital controls in solving the underlying issues, such as the war and sanctions. The impact of a weaker currency on inflation and economic health is explored, along with the potential consequences of capital controls. The video concludes with a bleak economic outlook, emphasizing the need for significant changes to improve the situation.

What are the implications of the current account surplus decline for Russia's economy?

In what ways could capital controls affect the flow of money out of Russia?