OPEC Decision to Cause Oil Shock for Russia
... take their market share. If the price stays at the level of $70, shale gas extraction in the United States will become detrimental. A $70 price is incompatible with the sustainable development of the Russian economy. Historically the graphs of Brent oil price and the Russian economy growth rate have shown significant similarity. When the price falls, the growth slows down as well. Budget Cuts On October 4, Russian Finance Minister Anton Siluanov admitted that the 2015 state budget was planned with a $100 price in mind....
29.11.2014