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The Risks of a Devaluation of the Ruble
Russia floated the ruble in 2014 and used its reserves to smooth the descent. Some members of the Duma decided to launch legal action against Napa Alina for treason. She hiked interest rates to 17.5% then, but it was really her defense against the allegation of treason. It's entirely possible that she's pulling the same trick again, because she can't easily defend the ruble.