Wednesday, December 10, 2014

1 Ruble = 63 USD

One ruble, the currency in Russia, is equivalent to $63. This is over double what the dollar was worth in Russia one year ago. According the the New York Times, this will make most Russians 50% poorer. The economic crisis Russia has been facing is due to Putin's controversial acts of military aggression toward Ukraine. The rest of the Western world has handed many sanctions down upon Russia and Putin has done his best to isolate as much of Russia as possible. The world is eagerly awaiting Putin's next attempt at expanding the Russian Empire, no matter what economic downturn for the average Russian it causes. I have attached the New York Time's article called "The Myth of Russian Oligarchs".

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