Tyhe ruble isn't something russia is able to 'fix' on their own. Its caught in the geopolitical crossfire. EVERYONE is pumping oil fight now at MAX capacity, its global glut...THIS is where Russia is getting hammered, and it won't stop until the Saudis blink, which they won't...I don't think that Russia is going to change course though, it would be seen as surrendering to the west. A lot depends on whether oil prices continue to slide. I don't think that even the Russian people having broken moral. They support Putin and aren't sympathizers with the west.
That'll work for some, unless they are on the list of sanctioned individuals. Many wealthy Russians live abroad anyway, so hitting those people with sanctions could make them pretty angry. I still don't think that will lead to any change.Wow that's brutal
I think it's only going to get worse for Russia.
Already Russia's very wealth have already started fleeing the country, a lot have headed to London.
