VOICED : Moneda rusa se desploma
Interactive Video
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Business, Social Studies, History
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9th - 12th Grade
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Hard
Wayground Content
FREE Resource
The Russian ruble has plummeted despite the Central Bank's interest rate hike, losing over 20% of its value. This has put President Vladimir Putin under pressure amid a severe financial crisis caused by Western sanctions and falling oil prices. The public faces rising inflation nearing 10% annually, with fears of returning to the economic instability of the 1990s. Economists worry that the Central Bank's actions may lead to further currency decline in 2015. Putin is expected to address these issues in an upcoming press conference.
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