16/02/2018 · Understanding Russian Economy
A weaker ruble is not necessarily bad for the Russian economy in and of itself, but the volatility associated with the move is. Chart 3 illustrates the associated plunge in the Russian stock market, and chart 4 displays the concurrent surge in Russian borrowing costs.
Graham: Russia 'has an economy the size of Italy' | PolitiFact
In a note explaining the decision, Citi economist Ivan Tchakarov explained how Russian business investment and consumer spending were likely to suffer:
Russia's recent incursion into Ukraine has sparked significant turmoil in Russian financial markets and capital outflows, both of which have in turn clouded the outlook for economic growth.