Is Putin To Blame For Russia's Economic Collapse?
Western sanctions and falling oil prices are obvious culprits for Russia's collapsing currency, but some analysts say Putin is ultimately to blame.By Christian Bryant | December 16, 2014
The Russian ruble is in freefall, hitting a record low Tuesday despite the efforts of Russia's central bank to stop the slide.
The value of the currency has dropped by nearly 30 percent in one week, from 54 rubles per U.S. dollar to 69 rubles per dollar.
Financial analysts point to two major factors for this so-called “currency collapse”: economic sanctions from the West over Russia’s invasion of Ukraine and falling oil prices. (Video via CNN)