The Russian economy has been through a lot. Over the last year, Western sanctions and crashing oil prices bruised the Russian economy. And this week was particularly bad. In an attempt to stabilize the ruble and inflation, the central bank raised rates up to 17%. Instead, the ruble plummeted to new lows reaching as low as 80 rubles to the dollar on Dec. 16. But this isn't the first time Russia's seen economic problems.
Russia's War Against Ukraine