Money Talks: Clearing the rouble

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.4 • 1.2K Ratings

🗓️ 13 April 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the wake of Russia’s invasion of Ukraine, western nations imposed historic sanctions meant to cripple Russia's economy. In the immediate aftermath, Russia’s currency, the rouble, plummeted. Yet over the past six weeks, something strange happened. Instead of continuing its downward trajectory, by some measures, the rouble instead became the world’s best performing currency in March. Our host Mike Bird investigates what the rouble’s supposed strength can tell us about the impact of economic sanctions on Russia.

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Transcript

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0:00.0	With so much uncertainty in the world, businesses need a solid plan that they can implement
0:04.8	quickly.
0:05.8	A plan that's ambitious enough to drive the scale of transformation with practical solutions
0:10.4	to provide real-world results.
0:12.5	With over 9,000 professionals in 120 countries, the EY Parthenon teams help businesses realise
0:18.5	their strategy with speed and certainty.
0:21.2	To learn more about EY Parthenon's individual approach to strategy and tech-enabled transformation,
0:26.8	research, EY Parthenon and real-world strategy now.
0:32.9	Money to auctions from the economist is sponsored by InvestAlberta, looking to expand your
0:37.6	business into North America, come to one of the continent's most business-friendly locations,
0:42.6	Alberta.
0:43.6	With the lowest corporate income tax rate in Canada, fueled by smart talent in dynamic
0:47.9	cities like Calgary and Edmonton and the youngest workforce in Canada, Alberta is a strategic
0:53.1	gateway for doing business throughout North America and beyond.
0:56.6	Visit investalberta.ca today to learn more.
1:00.6	Big, bold, Alberta.
1:04.2	Seven weeks ago, Russia invaded Ukraine.
1:08.8	Six weeks ago, Western nations banded together and imposed some of the harshest financial
1:13.7	sanctions the world had ever seen.
1:16.4	That caused Russia's currency the rubble to plummet in value.
1:20.1	Western sanctions have sent the value of the Russian rubble plummeting.
1:23.6	We had seen the rubble fall about 30%, and this was excellent.
	...

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