Russia's Central Bank more than doubles interest rates to try to slow the plummeting ruble amid sanctions. The Central Bank raised its key borrowing rate from 9.5% to 20% in a desperate attempt to stop the ruble's plunge and prevent a run on banks amid crippling Western sanctions over the Russian war in Ukraine. Source 7f.
One thing everyone needs to consider is that the Russian people are resuliant so if they feel Putin is doing the right thing then they will not care about some economic hardship.
International Level: Specialist / Political Participation: 54 5.4%