Why is the Ruble Crashing?

Not too long ago, the Russian ruble looked like it survived the war-induced sanctions. But, nearly three years on, the value of the ruble appears to be collapsing. In this video, we're taking a look at the ruble's recent decline, what's driving it, and why it's bad news for the Kremlin.

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00:00 - Introduction
00:49 - The Ruble's Decline
03:11 - Why Has the Ruble Declined?
06:56 - Sponsored Content

[ShadowAkatora]

It's not a crash it's a "Special value withdrawal operation"

[steveweidig]

"You can increase the rates... Just don't go near any Windows..."
🤣🤣🤣

[a-cq]

21% interest rates is absolutely nuts.
And they're already preparing for another increase as early as December.
Things are not going well for them...

[Baebon]

It's not a crash. "it's a "Black Friday Sale Operation"

[giogio]

as a russian guy who's been keeping close tabs on the situation: this is expected, but not critical "yet". for the past 2.5 years vlad has been eating through the layer of fat that our economy has built up during first 20 years of his rule. for the past year specifically he's been taking bites out of the national welfare fund - where my parents' pension is supposed to come from, and that fund is running low now, so he needs a new source of income. in comes his main source of income - oil and gas exports, which become more cometitive if ruble is weakened, so basically anyone with a brain ecpected this. this is government sanctioned and very much intentional, although it would be pretty funny if this "controlled" decline became runaway and uncontrollable. oh well, my parents survived union's collapse and the 90's, i guess it's my turn to get toughened up.

[HeyMr.J]

You forgot the 3rd thing the Russian state can do about it is to stop attacking Ukraine

[leftdeadian]

2022 Kremlin trolls : SaNctiOns dONT woRK

2024 Kremlin Trolls : Russia can endure the pain 😵😵

[sergeipravosud]

Why? As u Russian citizen, I can definitely tell you with 100% awareness: war. War is the all-consuming thing.

[venomtailOG]

A collapse isn't a risk until it suddenly is

[Sammi]

Looks like they ran out of money to pay the trolls, because they are mysteriously absent in the comments right now.

[Litheon]

May it long continue. Even if the Russians withdraw from Ukraine, do not lift sanctions. In fact, if Ukraine does not receive considerable compensation, increase sanctions.

[valentinsmirnov]

I’m from Russia and people were shocked about that situation yesterday with currency.

[nikajaliashvili]

i am rooting for inflation in this one

[markushaahr]

What happens when you push all your economists out Windows.

[MKL_D]

I don't thi k its declining, its just living up to its name, The Rubble.

[gooldii]

"Sanctions only make us stronger", Russia in 2022.
In 2024, Victimcard activated! 😂😂😂

[midnightflare]

You know shit's getting real, when TL:DR has 5 reasons instead of the usual 3.

[SergiuLungu]

Some experts from Russia say's that the real inflation is bigger than officially declared 9%. They suppose that the real number is close to 15%.

[Valeryp]

Dear Santa.
Please make it crash before Christmas.
Thank you.

[EvanBC]

Data visualisation 101: the value of the ruble is **crashing** (into rubble), not surging, you need to show the inverse ratio, ruble to dollar.