One area I’m really weak in my understanding is the whole currency issue. Russia I guess he figured out a way to implement strict currency controls to prop up the value of the rouble. It’s touted as a success on their part, but I’d have to think there’d be a downside to that. Anyone with a better economic background than me able to explain that?
My recollection is it's due to a "hold on to your butts" massive interest rate hike. I also don't know how that works, but that doesn't sound too good for your average everyday Russian. He's sacrificing "main street" in order to prop up his currency.
