Search: oil,economy (1 material)

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

Poll conducted

  1. In your opinion, what are the US long-term goals for Russia?
    U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements  
     33 (31%)
    U.S. wants to deter Russia’s military and political activity  
     30 (28%)
    U.S. wants to dissolve Russia  
     24 (22%)
    U.S. wants to establish alliance relations with Russia under the US conditions to rival China  
     21 (19%)
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