The falling oil prices combined with the extra-budgetary spending requirements needed to support ailing businesses means that Russia’s National Welfare Fund will most likely be empty much earlier than previously thought. Moscow...
On Easter, representatives of oil-producing countries (OPEC+) have reached an agreement on limiting production. Before the official confirmation the price of oil jumped up but later fell again and on April 14th, both the US and...
After the spread of coronavirus caused a sudden drop in demand for oil, major oil countries, led by Saudi Arabia, came up with a plan to prevent further fall in prices. However, those plans were hindered by Russia whose economy...
The low rate of growth of the Russian economy is the result of many years of neglect, deepening isolation and the lack of a coherent economic policy.
Global oil prices have been partly behind the disinflation trend in CEE since late 2014. Hungary, Poland and Romania are among countries with relatively strong inflation impact of rising fuel prices.
Low oil prices have sent Russia’s economy into a recession, and countries on its periphery are being dragged along for the ride as the slump affects both oil exporters and countries that rely on trade and aid from Russia.