Questions about the Future of Russia’s Economy
Lesson Brief
BBC Russian
With the ruble in a downfall, many questions linger concerning the future of Russia's economy and currency. In answering the question of what can be expected, experts have stated that even higher inflation and interest rates are to be expected in the coming weeks and months as the value of the ruble is dependent upon the price of oil. While it is the responsibility of Russia's central bank to control the value of the ruble and bring an end to the currency's downfall, all efforts of the central bank in recent months have proven ineffective.