Vladimir Putin is suddenly feeling the squeeze. The Russian president, earlier this year a swashbuckling land-grabber who seemed to confound the West, finds himself in a three-way economic vise - tumbling oil prices, punishing sanctions and now a collapse in his country's currency.
Russia's War Against Ukraine
NBC News: Oil prices, sanctions and currency collapse put Putin in a bind (VIDEO)
Russian President Vladimir Putin (R) and his Turkish counterpart Recep Tayyip Erdogan review an honor guard on December 1, 2014 during a welcoming ceremony at the new presidential palace outside Ankara. Putin is on a one-day state visit to Turkey.