Russians had a rude awakening this morning when they discovered that their interest rates doubled overnight AND the ruble plunged to its lowest level. The Russian Central Bank increased interest rates by 7 percent, hoping to avert a ruble freefall. And it could get worse.
When you call your leader a dictator, it seems like things are getting pretty bad in your country. But rhetoric like that has been par for the course in the 2014 midterm elections, and The Guardian’s Rory Carroll says explaining that to readers overseas is a big challenge.