Vladimir Putin's government has drastically raised interest rates, hoping to ward off the drastic fall of the rouble.

Falling oil prices could be a reason behind the currency crisis in Russia.

But is that the only reason? And what might be the political fallout?

Presenter: Martine Denis

Guests:

Timothy Ash: head of emerging markets research at Standard Bank in London.

Pavel Felgenhauer: defense analyst and columnist with Novaya Gazetta.

Martin McCauley: Russian specialist at the University of London and author of the book The Rise and Fall of the Soviet Union. 

Source: Al Jazeera