What Falling Oil Prices And New U.S. Sanctions Mean For Russia (Diane Rehm Show)

Russia’s economy is in turmoil as authorities there take drastic steps to stabilize the ruble. To help prop it up, the central bank raised a key interest rate and the Russian government has begun selling off its foreign currency reserves. The economy is being battered by a combination of western sanctions and falling oil prices. The country faces fears of a bank run as consumers buy big-ticket items before prices rise. While some say this crisis will erode President Vladimir Putin’s political support, others believe he can weather the crisis. Diane and her guests discuss what’s next for Russia’s economy and its impact on global markets.
Interview:
http://thedianerehmshow.org/shows/2014-12-17/what_falling_oil_prices_and_new_u_s_sanctions_mean_for_russia