Stephen Colbert reveals a humiliating step Putin could take to save the Russian economy

Stephen Colbert said sanctions against Russia are already taking a heavy economic toll, with Fitch downgrading Moscow’s credit rating to a single “C”.

“In this case, the ‘C’ represents what their money is worth now,” the “Late Show” host said Wednesday. “Shit.”

Fitch warned that Russia now faces a sovereign default.

“Russia is about to lose everything and crash with a buddy, I guess,” Colbert said. “Belarus better have a big couch because without a credit rating, the only way to pay its debt is to hold a garage sale at Lenin’s grave: every pickled corpse must go!”

Colbert also noted that Russian shoppers are experiencing limits on essentials, such as flour and sugar.

“It must be tough on ‘The Great Russian Bake-Off’,” he cracked. “My signature pastry today is delicious brownies. The ingredients are potato… and brown.

See more in his Wednesday night monologue: