RUSSIA Shoots Itself in the Foot - Interest Rate Hike will Reduce GDP & Push Russia into Recession

I have partnered with Ekster to offer you an exclusive discount. Enjoy up to 25% off using my code JOEBLOGS at Please Support The Channel: YouTube Super Thanks (click below) YouTube Membership (click below) Russia’s Invasion of UKRAINE has caused Major Problems for the Russian Economy as Trade with Europe & the West has collapsed and Changes to the Global Supply Chain caused by the SANCTIONS have caused further problems. The value of the Russian Ruble has COLLAPSED over the past 12 months and on Monday 14th Augurs was trading at MORE THAN 100 against the US Dollar for the FIRST TIME IN HISTORY. In response to this the Russian Central Bank called an EMERGENCY MEETING and increased interest rates by 350bps to 12%. In this video I discuss the implications of this interest rate rise on the Economy & how it could force Russian back into RECESSION. For specific det