Putins Friends Come Before Russian Ruble: Bershidsky

The video discusses the influence of Putin and Rosneft on Russia's currency markets, highlighting a significant bond deal by Rosneft and its implications. It examines the central bank's credibility, pressured by political influences to print rubles, leading to inflation and economic instability. The discussion also covers the political roots of the crisis, including Russia's isolation and potential capital controls, contributing to the ruble's volatility.

What was the market's reaction to Rosneft's bond deal?

• Stability in the currency market

• A special deal perceived as favoritism

• Increased confidence in the ruble

• Higher interest rates for state banks

How does Putin's influence affect the monetary authorities?

• They prioritize national currency stability over political needs

• They are unaffected by political decisions

• They can act independently of political influence

• They follow Putin's directives, affecting policy consistency

What is one consequence of the Central Bank printing more rubles?

• Strengthening of the ruble

• Increased inflation

• Decreased political influence

• Improved economic stability

What is the nature of the crisis affecting Russia's economy?

• Caused by internal economic policies

• Purely economic

• Driven by global oil prices

• Primarily political

What might increase due to Russia's political isolation?

• Currency stability

• Foreign investments

• Capital controls

• Economic growth