JRL NEWSWATCH: “Russia’s Economy Suffers Double Hit From Oil Slump and Coronavirus” – Wall Street Journal/ Thomas Grove, Georgi Kantchev

File Photo of Kremlin Tower, St. Basil's, Red Square at Night

“As infections grow, Russia finds a shortfall in oil revenue hurts its ability to offer the kind of emergency support provided in the West.” “… [Russia’s] slump … began … when coronavirus lockdowns in China and elsewhere pushed oil prices lower. … Putin’s hesitance in joining … big producers to curtail output compounded the problem, driving oil to its lowest […]

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