2022-03-01 18:31:28

The Russian Economy Is Collapsing

The Russian economy is collapsing due to the sanctions imposed on the country following the invasion of Ukraine. The currency of Russia, the Ruble, is now worth less than one American cent, which is approximately a 30% decline over the past couple of weeks. This has led to a run on the banks, with Russian citizens lining up at ATMs over the weekend to pull out their money before the machines ran out of cash. The Russian stock market has also collapsed to the point where trading has been halted for Monday and Tuesday of this week to prevent further losses.

Russia has also been largely removed from the SWIFT payment system that enables international transactions. These effects will hit the average Russian civilian much harder than it will the oligarchs and certainly Vladimir Putin. But the hope is that this could create enough pressure on the leadership of the country to end the war in Ukraine and perhaps even lead to the ousting of Putin from office.

The David Pakman Show is a news and political talk program, known for its controversial interviews with political and religious extremists, liberal and conservative politicians, and other guests.

Missed an episode?  Check out David Pakman on our Youtube Channel  anytime or visit the show page for the latest clips.

#FreeSpeechTV is one of the last standing national, independent news networks committed to advancing progressive social change. 

#FSTV is available on Dish, DirectTV, AppleTV, Roku, Sling and online at freespeech.org

30% decline over the past couple of weeks Russian civilian SWIFT payment system The David Pakman Show The Russian stock market Ukraine Vladimir Putin

Economy

The Randi Rhodes' Show

Biden Addresses the Nation

Biden Addresses the Nation

The Randi Rhodes' Show

Uvalde, Texas and Beto O'Rouke

Uvalde, Texas and Beto O'Rouke

Rising Up With Sonali

New Oxfam Report ‘Profiting from Pain’ Aimed at Davos Elites

New Oxfam Report ‘Profiting from Pain’ Aimed at Davos Elites

The Randi Rhodes' Show

President Biden's Baby Formula Plan

President Biden's Baby Formula Plan

Just Solutions

Underrepresented Communities fall back into Survival Mode

Underrepresented Communities fall back into Survival Mode

The David Pakman Show

They Voted Against Gas Price Relief, Baby Formula Funding

They Voted Against Gas Price Relief, Baby Formula Funding

The David Pakman Show

Trump & TX Gov to Speak at NRA Convention After Shooting, Guns Not Allowed

Trump & TX Gov to Speak at NRA Convention After Shooting, Guns Not Allowed

The David Pakman Show

Beto O'Rourke Confronts TX Gov, Marched Out by Cops

Beto O'Rourke Confronts TX Gov, Marched Out by Cops

Rising Up With Sonali

Why Do Some on the Left Excuse Russia’s Invasion of Ukraine?

Why Do Some on the Left Excuse Russia’s Invasion of Ukraine?

The Randi Rhodes' Show

Uvalde, Texas and Beto O'Rouke

Uvalde, Texas and Beto O'Rouke

The Randi Rhodes' Show

Hypocrisy Hits the Republican Party Again

Hypocrisy Hits the Republican Party Again

The Randi Rhodes' Show

On His Way out, Adam Kinzinger Has Something to Say

On His Way out, Adam Kinzinger Has Something to Say

Related

Rising Up With Sonali

Why Do Some on the Left Excuse Russia’s Invasion of Ukraine?

Why Do Some on the Left Excuse Russia’s Invasion of Ukraine?

Democracy Now!

Patrick Cockburn Warns the West’s “Triumphalism” in Ukraine Could Prolong Conflict Indefinitely

Patrick Cockburn Warns the West’s “Triumphalism” in Ukraine Could Prolong Conflict Indefinitely

Openline Media: News with Davey D

Eric Trump Forces 4-Year-Old Son to Say Pledge of Allegiance Every Night

Eric Trump Forces 4-Year-Old Son to Say Pledge of Allegiance Every Night

The David Pakman Show

Cable Providers Are Keeping Fox News Alive

Cable Providers Are Keeping Fox News Alive

Proud Partners