Inside Russia’s Hidden Economic Crisis: Inflation, Oil Export Bans, and the Faltering Ruble

Check out my book “What Caused the Russia-Ukraine War“: You can also read it for free by signing up for a Kindle Unlimited trial at (I use affiliate links, meaning I earn a commission when you make a transaction through them. Even if you read for free, you are still supporting the channel.) Over the past few months, Russia has quietly had quietly battled another economic crisis at home. Inflation is on the rise, and the Kremlin had to institute an oil export ban to keep the things from spiraling too far out of control. Today, we look at the causes of the problem, what Russia has done to overcome the issues, and what it means for the broader war effort. 0:00 What’s Going on with Russia’s Economy? 1:58 Russia’s Oil Ban: The Basics 7:10 Weakness in the Ruble 14:39 Russia’s Inflation Problem 19:25 Are Russia’s Inflation Reports Accurate? 21:38 How Russia Is Trying to Halt Inflation 26:12 Why the Oil Ban Was Necessary Media licensed under CC BY-SA 3.0 (): By Amakuha: : Media licensed under CC BY-SA 3.0 DE (): By Bundesarchiv: 183-R1215-506 102-00104 Media licensed under CC BY 4.0 (): By Government of Ukraine: By :