Other EU
Why is the Ruble (Still) Declining?
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While the ruble fared better than expected last year, this year has seen a prolonged decline in its value despite rising oil prices. So in this video, we’ll break down the data, explain why the ruble has declined and why this is bad news for Putin.
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1 – https://www.xe.com/currencycharts/?from=UAH&to=RUB
2 – https://www.ft.com/content/9af1bef9-18cc-4fb0-9c50-f1dd6b83f340
3 – https://www.cbr.ru/eng/press/event/?id=16997
4 – https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves
5 – https://www.reuters.com/business/finance/russian-cenbank-suspends-monthly-data-releases-foreign-trade-2022-04-11/
6 – https://www.statista.com/statistics/1188294/monthly-foreign-exchange-reserves-in-russia/
7 – https://twitter.com/RobinBrooksIIF/status/1689647911720910848/photo/1
00:00 Introduction
01:08 What’s Happened to the Ruble?
02:34 The Ruble’s Decline
06:04 Why has the Ruble Collapsed?
08:19 Brilliant
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In this video, we’ll discuss the EU’s new plan to quietly tax US Big Tech – and whether it could work.
📰 Too Long: https://toolong.news/
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
Sources:
The EU’s plan to capture US Big Tech revenue
https://www.ft.com/content/ad06ed89-f600-4694-8c95-7d53b6d3315b?syn-25a6b1a6=1
https://www.reuters.com/business/retail-consumer/brussels-looks-capture-big-tech-through-tax-large-corporations-ft-reports-2026-10-07/
EU rejects France’s calls for an EU-wide digital services tax
https://www.ft.com/content/e5a76494-71df-4ee0-a85f-b28f2c94ded6?syn-25a6b1a6=1
https://www.vatcalc.com/global/eu-holds-back-on-digital-services-tax-as-us-raises-retaliation-threat/
EU’s proposed CORE mechanism
https://blogs.lse.ac.uk/europpblog/2025/08/28/the-commissions-foray-into-corporate-taxation-a-core-problem-for-the-eu-budget/
https://commission.europa.eu/strategy-and-policy/eu-budget/long-term-eu-budget/eu-budget-2028-2034_en#driving-prosperity-via-competitiveness-research-and-innovation
US exempted from Pillar 2 of OECD’s global minimum corporate tax agreement
https://youtu.be/85voZ2FJhZk?si=6jVOHTB5CBTKvigd
https://www.theguardian.com/business/2026/jan/06/us-exemption-oecd-global-tax-deal-multinational-companies
https://www.theguardian.com/business/2021/oct/08/oecd-deal-imposes-global-minimum-corporate-tax-of-15
G7 statement on global minimum tax
https://www.canada.ca/en/department-finance/news/2025/06/g7-statement-on-global-minimum-taxes.html
https://www.ey.com/en_gl/technical/tax-alerts/canada-g7-releases-statement-on-global-minimum-tax-pillar-two-and-canada-rescinds-digital-services-tax
European Digital Services Taxes (DSTs)
https://taxfoundation.org/data/all/eu/digital-services-taxes-europe/
https://taxfoundation.org/testimony/pillar-one-digital-services-taxes/
https://www.reuters.com/en/germany-seeks-levy-10-tax-online-platforms-like-google-2025-05-29/
Accusations of tax avoidance by Silicon Valley tech companies
https://www.theguardian.com/us-news/2025/apr/15/silicon-six-accused-of-avoiding-almost-278bn-in-us-corporation-taxes-over-10-years
https://itep.org/trump-meta-tesla-alphabet-amazon-obbba-taxes/
https://itep.org/amazon-alphabet-meta-tesla-pro-trump-tech-companies-avoided-taxes/
0:00 The EU’s Sneaky Plan to Tax US Big Tech Explained
7:36 Sponsor
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In this video, we will investigate how Russia uses bots for its influence campaigns, how the recent strikes may have affected Russian bots and what this could mean for Russia.
📰 Too Long: https://toolong.news/
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📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
0:00 Has Ukraine De-Russified the Internet?
7:41 Sponsor
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In this video, we’re going to explain why the Trump-Putin diesel deal is probably illegal; whether it’ll get struck down; and why – either way – it’s a pretty rubbish deal anyway, even from Trump’s perspective.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
Sources
Diesel prices/components
https://tradingeconomics.com/united-states/us-diesel-sales-price-$-per-gallon-w-na-fed-data.html
https://tradingeconomics.com/commodity/brent-crude-oil
https://www.ft.com/content/f117f347-e1e0-457c-83fc-ba4745581bb2?syn-25a6b1a6=1
Fuel vs Dem congressional ballot
https://www.economist.com/graphic-detail/2026/09/17/high-petrol-prices-could-hand-democrats-a-mighty-midterm-victory
Trump Truth Social posts
https://truthsocial.com/@realDonaldTrump/posts/117412435306815143
https://truthsocial.com/@realDonaldTrump/posts/117422699218841250
Zelenskyy comments
https://www.axios.com/2026/10/09/exclusive-zelensky-putin-trump-diesel-deal
https://thehill.com/policy/international/6141601-russia-strikes-ukraine-power-plant/
Laws
https://thehill.com/homenews/house/6140830-fitzpatrick-bill-block-russian-oil/
https://www.congress.gov/bill/117th-congress/house-bill/6968
https://ofac.treasury.gov/sanctions-programs-and-country-information/countering-americas-adversaries-through-sanctions-act-related-sanctions
https://www.congress.gov/bill/119th-congress/senate-bill/5025
Reports that Russia lacks refining capacity
https://www.aljazeera.com/news/2026/10/10/why-is-us-turning-to-russia-for-diesel-despite-sanctions
0:00 Why the Trump-Putin Diesel Deal is Already Falling Apart
7:11 Sponsor
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Last month, Ursula von der Leyen announced the formation of a European Security Council that would help to coordinate a response and strategy against hybrid attacks. In this video, we’re taking a look at how this could look like and the hurdles standing in the way.
Von der Leyen’s New Plan for European Independence Explained: https://www.youtube.com/watch?v=ec_4Un6JrAY
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
Sources:
https://ec.europa.eu/commission/presscorner/detail/ov/SPEECH_26_1868
https://sieps.se/en/publications/2026/forging-european-strategic-unity-the-case-for-a-european-security-council/
https://www.martenscentre.eu/wp-content/uploads/2020/06/european-security-council-blueprint.pdf
https://www.politico.eu/article/donald-trump-greenland-crisis-revives-calls-for-european-security-council/
https://www.chathamhouse.org/2020/07/future-e3/origins-and-development-e3
https://www.nato.int/en/what-we-do/introduction-to-nato/the-consultation-process-and-article-4
https://www.iss.europa.eu/publications/commentary/european-security-council-between-strategic-need-and-institutional
https://www.europarl.europa.eu/RegData/etudes/BRIE/2024/757822/EPRS_BRI(2024)757822_EN.pdf
00:00 – Introduction
01:52 – Historic Attempts
03:49 – The Alternatives
08:01 – Planet Wild
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As protests take over the streets of dozens of Spanish cities, we explain what caused the country’s housing crisis, how it eventually toppled Sánchez’s government, and what might happen in November.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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@PeterAlekseyevichRomanov7
February 16, 2024 at 9:38 pm
ruzzian ruble is about to collapse
@PeterAlekseyevichRomanov7
February 16, 2024 at 9:38 pm
Пусть Бог поможет нам, поскольку экономика качается на грани краха, и стоимость рубля стремительно падает. Важно избегать ненужных покупок; вместо этого сосредоточьтесь на сохранении и обмене рублей на более стабильную валюту. В настоящее время мы становимся свидетелями кризиса в России, напоминающего развал Советского Союза, ситуация, зачисляемая на счет руководства Путина.
@philiplam7219
February 16, 2024 at 9:38 pm
Right now 1 ruble is 1 penny. That can't be right. 1 ruble must be 1 dollar.
@Rod-bp8ow
February 16, 2024 at 9:38 pm
It is always accounted in the Inventories of its respective books, Russia acknowledges the importance of accounts, they reconcile the practices of Quality, Quantity most important characteristics in businesses and in exports/imports for countries. Rubble is doing good, trial balances, taxes and declaration of its books, so as its neighboring countries of the same standards of excellence.
@tyroneuva-py1pg
February 16, 2024 at 9:38 pm
Russia is buying there own 💩 rubble inflating it it will just fall and fall wait and see.
@wta1518
February 16, 2024 at 9:38 pm
Gotta love the standard terrible and confusing graphs when currency comparisons come up.
@Ruskii_idi_na_khuy
February 16, 2024 at 9:38 pm
Rouble 💩
@user-pt1jx6td7v
February 16, 2024 at 9:38 pm
Hahahahaha independent you was spreding german propaganda abaut Poland
@gkhanjriii91-04
February 16, 2024 at 9:38 pm
The Ukraine is funded by the US taxpayers 💸💸💸🖕🏼🤬👎🏼
@georgeshardy1878
February 16, 2024 at 9:38 pm
Le problème n'est pas à l'est de l'Europe, il est à l'ouest ! 😊
@mikejose4186
February 16, 2024 at 9:38 pm
Rouble toilet paper
@Dieter11
February 16, 2024 at 9:38 pm
Almost two years into sanctions , they said effects would be slow and in the future…. Russia still holding very well and will be. Sanctions are pretty stupid when there is a thousand ways they can go around them. That’s the truth
@GumbaFan
February 16, 2024 at 9:38 pm
The ruble isnt the only thing that fell today.
@paulstilwell764
February 16, 2024 at 9:38 pm
It’s not even two years yet…it’ll fall further ….
@Forge17
February 16, 2024 at 9:38 pm
The oil price vs oil products at the end was enlightening, I imagine that is the real bite from the oil price cap; the secondary impact of Russia’s discounted crude oil, which allows China and India to use that to produce cheaper oil products than Russia
@Panaputra
February 16, 2024 at 9:38 pm
Ruble decoupling from oil prices is not due to the price cap but because Russia is exporting oil in Chinese Yuan and Indian Rupees instead of Dollars. They are importing goods and services from China and India using that money instead of Dollars.
@KhaalixD
February 16, 2024 at 9:38 pm
Great video!
@henridenim8951
February 16, 2024 at 9:38 pm
audio: "new low"
graph: goes up
It's the conventional way of showing the graph, but still a tad confusing. And the fact that you labelled it "USD/RUB" (which would in fact go down as the RUB weakens) while displaying RUB/USD doesn't help.
Besides that, informative video as usual; thank you
@nickdaboss03
February 16, 2024 at 9:38 pm
Well, I'm convinced that the presenter is a shapeshifter who just changes appearance but keeps their voice
@blackexcellence7212
February 16, 2024 at 9:38 pm
It's not declining, it's engaged in a "special depreciation operation".
@stuckerfam
February 16, 2024 at 9:38 pm
Why not a graph with the ruble to the dollar? The reporting was done in rubles/dollars, but the graph was dollars/rubles. I understood the difference, but everytime the host said "lowest" the graph was at its highest. It was jarring and distracting to me. I am unsure of why this decision was made.
Anyway, I love the channel. But I just saw a minor weakness in this well-written report.
@midgetydeath
February 16, 2024 at 9:38 pm
It's easy to understand: you can't lose a massive chunk of your market and magically be okay.
@C0Y0TE5
February 16, 2024 at 9:38 pm
Speaking about declining values while using charts that show the line going UP, reveals that U R a mirror person: an alien from the other side.
@ALFarrell-kv6ok
February 16, 2024 at 9:38 pm
It's such a shame to see the two top BRICS dictatorships going to economic hell in a handbasket. Their individual problems will surely compound each other's declines, just when they were gloating to Africa about their rise and rise and the downfall of the allegedly decadent West and its dollar😆
@joelpritchard451
February 16, 2024 at 9:38 pm
WE CAN ONLY HOPE THE RUBLE WILL CRASH AND THE RUSSIAN ECONOMY. WILL Collapse.
@sammypence6185
February 16, 2024 at 9:38 pm
Putin is cannibalizing it's economy just to show the west that it's economy is not collapsing. But that Russian money is finished now.
@jeanpierrelaolou5490
February 16, 2024 at 9:38 pm
Do you know the difference between a ruble and a dollar?
Well no …
one dollar
@davidbowie5023
February 16, 2024 at 9:38 pm
Russia uses artificial prompting up to save the rouble. Yet China and India exploit Russia for their own interests.
Once Russia is no longer useful, they will have their business matter.
@danieltaylor1699
February 16, 2024 at 9:38 pm
Please don't become a channel that just waffles on and repeats yourself, speaking slowly, your content is good.
@NewerSwagger-gp3hj
February 16, 2024 at 9:38 pm
Well, war is not free, not even cheap. I mean special military operations of course….
@santabanter
February 16, 2024 at 9:38 pm
God bless Israel 🇮🇱
@1001Balance
February 16, 2024 at 9:38 pm
Put rubles in water, press mass, dry, wipe behind. Soft, good quality. What is air defense doing
@1001Balance
February 16, 2024 at 9:38 pm
Soon birds will refuse picking up ruble notes, they are considered of too low value to serve as nest material.😅