Tuesday, December 30, 2014

Russian economy attacked through oil prices – Obama


Pushing down global oil prices was part of Washington’s rationale to destabilize the Russian economy, US President Barack Obama said in an interview to National Public Radio, a non-profit media organization.

Answering a direct question whether it was the US that collapsed oil prices globally to create problems for Russia, Obama said that Russian economy “was already contracting and capital was fleeing even before oil collapsed.”

Obama revealed that it was a “part of our rationale” that the “only thing” keeping Russian economy“afloat” was the price of oil.

Sanctions only made Russian economy more vulnerable to the “inevitable” oil price disruptions. “They'd have enormous difficulty managing it,” Obama said .... http://rt.com/usa