Why Russia Doesn’t Need High Oil Prices
(Institute of Modern Russia – http://imrussia.org – Olga Khvostunova – October 15, 2013) Oil price fluctuations that exceed $100 per barrel create comfortable conditions for Russia’s economy, as its budget is balanced at around $90 per barrel. Further escalation of the situation in the Middle East could bring oil prices up, seemingly playing into the Russian government’s hands. But according […]
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