Krugman: Vladimir Putin's Conquests Domestic, Not Global

The video discusses Paul Krugman's views on Putin's political and economic strategies, highlighting the differences between the current Russian Federation and the Soviet Union. It critiques Trump's stance on Russia and explores the Russian oil industry's resilience amid fluctuating oil prices. The discussion also covers the implications of currency pegging for countries like Saudi Arabia and Russia, emphasizing the economic strategies they employ to cope with global oil price changes.

Discuss the implications of the economic situation in Russia as described in the text.

What strategies are suggested for Russia and Saudi Arabia regarding oil prices?