DW News published this video item, entitled “Can Russia’s rebounding currency help stop a recession? | DW Business Special” – below is their description.
Russians are heading for tough economic times. International sanctions against their country’s government have led inflation to surge and its economy is heading for towards a brutal recession. But there are also signs that Russia is weathering some of the worst, with the ruble now more valuable than before the invasion of Ukraine. In this DW Business special, we get to the bottom of the true state of the Russian economy and hear how the war is affecting everyday life there.
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About This Source - DW News
DW News is a global English-language news and information channel from German public international broadcaster Deutsche Welle, established in summer 2015.
In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.
Russia, or the Russian Federation, is a transcontinental country located in Eastern Europe and Northern Asia. It extends from the Baltic Sea in the west to the Pacific Ocean in the east, and from the Arctic Ocean in the north to the Black Sea and the Caspian Sea in the south.
Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.
Ukraine is a large country in Eastern Europe known for its Orthodox churches, Black Sea coastline and forested mountains. Its capital, Kiev, features the gold-domed St. Sophia’s Cathedral, with 11th-century mosaics and frescoes. Overlooking the Dnieper River is the Kiev Pechersk Lavra monastery complex, a Christian pilgrimage site housing Scythian tomb relics and catacombs containing mummified Orthodox monks.
