Editor's Choice Russia

Russia's House of Economic Cards is Falling Apart

Economist Volodymyr Lugovskyy, who is a professor at Indiana University, Bloomington, USA lays out why Russia’s future is looking bleaker by the day. Lugovskyy’s succinctly lays out why, since the new, stricter Western sanctions against Russia took effect, pressure on the Ruble has mounted – and now it may be busting as we see a double-digit decline in the currency's value in the matter of mere days. How this will end cannot be certain – but Moscow will struggle to keep their house of cards from collapsing. Putin may be soon learning the hard lesson that he is no match for economic instability that could bring disastrous inflation, which would touch the life of every person in Russia.