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 was the percentage decline of the Russian ruble since the start of the year?

• 50%

• 60%

• 90%

• 80%

What is the projected economic impact if Brent crude oil remains at $60 per barrel according to the Russian Central Bank?

• The economy will shrink by 10%

• The economy will shrink by 4.5%

• The economy will grow by 2%

• The economy will remain stable

How has the sensitivity of the ruble to oil prices changed after the switch to a free float?

• It is not affected by oil prices

• It has increased

• It has remained the same

• It has decreased

What type of assistance did the U.S. Congress authorize for Ukraine's military?

• Lethal assistance

• Logistical assistance

• Financial assistance

• Medical assistance

What action did the U.S. Congress take regarding sanctions on Russia?

• They maintained the current sanctions

• They reduced existing sanctions

• They imposed new sanctions

• They lifted all sanctions