The Debate

Wrecked Rouble: Putin Defiant as Currency Tumbles (part 2)

The rouble is collapsing, oil prices are plummeting, Western sanctions are biting... but Russia's president is not blinking. At his annual press conference, Vladimir Putin was as defiant as ever. But what impact will the drying up of outside money have on ordinary Russians? How will Putin react? Will he back down or lash out?