Russia remains economically isolated and it’s suffering a brain drain of young, educated professionals, explains Kristy Ironside of McGill University.
It’s all about propping up his own country’s currency.
The ruble is a free-floating currency whose value tracks supply and demand. But sanctions have demolished demand and wrecked the market.
Long lines at ATMs. A significant drop in the ruble’s value. Economic sanctions are already being felt by everyday Russians.
Being cut off from the SWIFT system means Russian banks can’t legally or efficiently execute transactions.
Molly Wood talks to Olga Smirnova of the BBC.
Rich Russians eager to move their money are snapping up pricey London houses.
Adriene Hill talks to BBC Moscow correspondent Steve Rosenberg.
Ruble decline hurts Russians most, which could be a problem for everyone.
Dramatic interest rate hikes are a first step, but Russia's economy will need more.
