Russia: The Ruble Is Still Falling

Russian Central Bank declared to be worried about the falling ruble, but sooner or later, with a whole economic growth mostly based only on the energy industry, this had to happen

The Ruble is collapsing against any other currency.

Take a look at the exchange rate with the US Dollar:

Or with the Euro:

Maybe you need a bigger picture:

Wonder what those Putin’s fanboys have to say now about the sick economy their hero created.

Ukraine + falling oil prices: what a perfect storm.

Economics 101: you don’t want to base your economy only on one industry. Diversify is the word.