Is Russia's war economy on the brink of collapse? | About That

The Russian central bank is forecast to raise its benchmark interest rate to 23 per cent this month, with military spending consuming a third of Russia's overall budget. Andrew Chang explains how Russian President Vladimir Putin's war machine is causing inflation to skyrocket and what that means for civilians. UPDATE (Dec. 16, 2024): A previous version of this video was incorrectly uploaded. This video has been replaced. Images gathered from Reuters, Getty Images, and the Canadian Press. Credit @1:17 - euronews/YouTube Credit @1:19 - WION/YouTube Credit @1:23 - Reuters/YouTube »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX Follow CBC News on TikTok: https://bit.ly/3TnHioe Follow CBC News on Twitter: http://bit.ly/1sA5P9H Find CBC News on Facebook: http://bit.ly/1WjG36m Follow CBC News on Instagram: http://bit.ly/1Z0iE7O Subscribe to CBC News on Snapchat: https://bit.ly/3leaWsr Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.