be a debt crisis and basically russia would fall and we covered the story we had liam how again mom telegraph journalist and we had constantine and it was episode six nine five and this is december twentieth two thousand and fourteen and here's a short clip of liam halligan talking about the nerves of steel coming from the kremlin i actually think even though the current the interest rate move that we have seen has been dramatic from ten and a half to seventeen of course the six interest rate rise so far this year the central bank hasn't actually fired its big guns yet we have had a little bit of currency intervention it's mainly been the conversion of the ministry of finance is existing on the books flows from rubles. from dollar story into roubles. you've also go the reserves this for the so-called stabilization fund stabilization fund those created for more revenues over the last few years precisely for this moment we've already seen single digit billions used from that. and that's why a lot of people have been so we've got to i say and they still didn't fire the big bazooka it suggests to

be a debt crisis and basically russia would fall and we covered the story we had liam how again mom telegraph journalist and we had constantine and it was episode six nine five and this is december twentieth two thousand and fourteen and here's a short clip of liam halligan talking about the nerves of steel coming from the kremlin i actually think even though the current the interest rate move that we have seen has been dramatic from ten and a half to seven seen of course the six interest rate rise so far this year the central bank hasn't actually fired its big guns yet we have had a little bit of currency intervention it's mainly been the conversion of the ministry of finance as existing on the books flows from rubles. from dollar story into roubles. you've also go the reserves this the so-called stabilization fund stabilization fund those created for more revenues over the last few years precisely for this moment we've only seen single digit billions used from that. and that's why a lot of people have been so we've got to i say and they still didn't fire the big bazooka it suggests to me th