In order to stem the tide, the Central Bank of Russia has raised interest rates. Is this going to be enough?
Read this webpage and be prepared to discuss it with your English teacher!
held mostly steady
sharp interest rate hike
worsened living standards
defaulted on debts
easing of sanctions
What is this article about in general?
What does raising the interest rate do?
Why did the Central Russian Bank raise the interest rates?
What is the problem when the dollar - ruble exchange rate changes too fast?
Is Putin still popular in Russia right now?
What is he doing to avert the crisis?
Lesson Plan by Rachael Alice Orbach - Professional English Teacher