Crude prices have fallen by almost a third this year, undercutting the economy in Russia, the world’s largest energy exporter .... http://www.bloomberg.com
Friday, November 14, 2014
Russia Braces for 'Catastrophic' Drop in Oil Prices
Such a scenario is “entirely possible, and we admit it,” Putin told the state-run Tass news service before attending this weekend’s Group of 20 summit inBrisbane, Australia, according to a transcript e-mailed by the Kremlin today. Russia’s reserves, at more than $400 billion, would allow the country to weather such a turn of events, he said.
Crude prices have fallen by almost a third this year, undercutting the economy in Russia, the world’s largest energy exporter .... http://www.bloomberg.com
Crude prices have fallen by almost a third this year, undercutting the economy in Russia, the world’s largest energy exporter .... http://www.bloomberg.com
