A woman walks past a board listing foreign currency rates against the Russian ruble outside an exchange office in central Moscow on December 16, 2014. The Russian ruble set a new all-time record low on Tuesday after bouncing back briefly despite an emergency move by Russia's central bank to raise interest rates to 17 percent.

A woman walks past a board listing foreign currency rates against the Russian ruble outside an exchange office in central Moscow on December 16, 2014. The Russian ruble set a new all-time record low on Tuesday after bouncing back briefly despite an emergency move by Russia's central bank to raise interest rates to 17 percent.

Russia’s economy is in turmoil as authorities there take drastic steps to stabilize the ruble. To help prop it up, the central bank raised a key interest rate and the Russian government has begun selling off its foreign currency reserves. The economy is being battered by a combination of western sanctions and falling oil prices. The country faces fears of a bank run as consumers buy big-ticket items before prices rise. While some say this crisis will erode President Vladimir Putin’s political support, others believe he can weather the crisis. Diane and her guests discuss what’s next for Russia’s economy and its impact on global markets.

Guests

  • Christian Caryl senior fellow, Legatum Institute; contributing editor, Foreign Policy magazine; senior fellow, MIT Center for International Studies; author of "Strange Rebels: 1979 and the Birth of the 21st Century."
  • Edward Lozansky President, American University in Moscow; Professor, National Research Nuclear University.
  • Marin Katusa chief energy strategist, Casey Research; author of "The Colder War: How the Global Energy Trade Slipped from America's Grasp."
  • Fiona Hill senior fellow and director, Center on the US and Europe at Brookings Institution; author of "Mr. Putin: Operative in the Kremlin."

Related Links

Topics + Tags

Comments

comments powered by Disqus
Most Recent Shows

Friday News Roundup – International

Friday, Dec 02 2016President-elect Trump chooses a retired Marine general to head the Pentagon. Syrian rebels agree to form a new alliance as the regime bombards Aleppo. And thousands of Cubans turn out to watch Fidel Castro's funeral procession. A panel of journalists joins Diane for analysis of the week's top international news stories.

Friday News Roundup – Domestic

Friday, Dec 02 2016President-elect Donald Trump starts a victory tour with a stop in Cincinnati. Nancy Pelosi is re-elected House minority leader. And North Carolina prosecutors say the police officer who killed Keith Lamont Scott will not face charges.

President-Elect Trump And U.S. Trade

Thursday, Dec 01 2016During the campaign President-elect Donald Trump promised to bring jobs back to the U.S. by changing the rules with our global trading partners: What stronger protectionist policies could mean for American workers and the U.S. economy.