Part 1/9:
The Crumbling Facade of the Russian Economy
In recent weeks, the Russian economy has faced yet another significant crisis, characterized by a dramatic plunge in the ruble’s value. The currency lost over 10% of its worth in a single trading day, nearly reaching 120 rubles to the US dollar before an emergency intervention by the Central Bank of Russia brought it back to 100 rubles. However, such sudden and drastic measures are often indicative of deeper, underlying issues in an economy struggling to cope with the effects of international sanctions and internal mismanagement.