Tag: sanctions did not cause ruble collapse

It’s Not Just Oil And Sanctions Killing Russia’s Economy: It’s Putin

December 16, 2014

In the last two days we have witnessed an incredible, rapid, steep, and perhaps unstoppable collapse in the value of the ruble. As of 9:15 AM Eastern today, the ruble is down more than 13%. By the time I publish this, that figure will be out of date. One look at today’s graph shows that […]