Just how grim is the outlook for Russia? Here’s one data point: Russian banks and companies owe $600 billion to the outside world, and western sanctions prevent most of them from using US or European banks to refinance it. So where will the money come from?
Clearly, Russian president Vladimir Putin needs to contemplate his political tactics anew. For instance, he can stay at loggerheads with the West, but he’ll simultaneously need to encourage his home-grown technology and manufacturing industries to up their game. In short, he’ll have to jettison his fear of loss of control and let go. Does that sound like the Putin we’ve come to know?
Russia is in real trouble now as america is getting independent and not buying oil from opec
that main agenda is to crush the economy of russia and many other countries who tend to look into the eyes of america. America being a superpower cannot tolerate this at all. so the lower oil prices will shake the economy of Russia badly.OPEC is losing money and is said to
be moving toward irrelevance, but it is hard to to make that argument stick. The cartel is fighting a war for dominance and controls about one-third of the daily global supply. Looking ahead, it seems likely that when the smoke clears and prices return to $80 a barrel or more, its influence will snap back. For cartel members who use this time of disarray to really clean up their economic systems, the low price bout could be a blessing.
that main agenda is to crush the economy of russia and many other countries who tend to look into the eyes of america. America being a superpower cannot tolerate this at all. so the lower oil prices will shake the economy of Russia badly.OPEC is losing money and is said to
be moving toward irrelevance, but it is hard to to make that argument stick. The cartel is fighting a war for dominance and controls about one-third of the daily global supply. Looking ahead, it seems likely that when the smoke clears and prices return to $80 a barrel or more, its influence will snap back. For cartel members who use this time of disarray to really clean up their economic systems, the low price bout could be a blessing.
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