ruble, which lost about a quarter of its value against the u.s. dollar on monday alone. there have been long lines at atms across the country, many scrambling to exchange rubles for euros and dollars but foreign currency has been difficult to find. after heavy losses last week, the moscow stock exchange will remain closed for a second day on tuesday. still, the kremlin insists preparations have been made to compensate for western sanctions. we're joined by ryan patel from the drucker school of management. ryan, thanks for being with us. >> my pleasure, john. >> part of putin's preparation was a nest egg, a foreign currency reserve of about $640 billion. about half of that, if not more, is now out of putin's reach because of sanctions and other measures by the u.s. and europe. it seems odd firstly that putin did not predict that. but more importantly, how does this now impact russia's economy, and how will it impact it over time? >> well, obviously impacting the war chest they've built and