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

Matthew Dallek: “Defenseless Under The Night”

Tuesday, Jul 26 2016Historian Matthew Dallek looks at the history behind the Office of Civilian Defense, the country's first agency for homeland security, and the competing visions of those tasked with spearheading the department: New York City Mayor Fiorello La Guardia and First Lady Eleanor Roosevelt.

Update On The Democratic National Convention

Tuesday, Jul 26 2016Opening night at the Democratic convention in Philadelphia. How speakers including Sen. Bernie Sanders, Sen. Elizabeth Warren and First Lady Michelle Obama seek to bridge party divides and build the case for presumptive nominee Hillary Clinton.

Verdine White On 45 Years With Earth, Wind & Fire

Monday, Jul 25 2016Forty-five years ago, the band “Earth, Wind and Fire” introduced audiences to a new kind of funk--one that fused soul, jazz, Latin and pop. Bassist Verdine White talks to guest host Derek McGinty about breaking racial boundaries in music and how the band is still evolving.