... speculation. Then, as partially anticipated, there's the financial risk. Many producers have incurred in heavy debts to finance their development, confiding in their revenues from oil sales to repay them and in the favorable interest rates, Venezuela being a prime example. Then even if not so financially exposed, some recessive effects are doomed to happen anyway. For example, according to the IMF, in 2015 Russia will supposedly lose a chunk of its GDP amounting to 3%. That would explain why the reduced oil price is not sufficient to shake the economy at global level and induce growth again, barring some exceptions, most notably the U.S.A. “The ...
Search: Russia,Europe,Venezuela (2 materials)
... United States in the Middle East, is deliberately refusing to cut its oil supply as part of a geopolitical maneuver to damage Russia, whose economy is markedly dependent on oil and gas exports. One problem is that Russia's breakeven price for oil ... ... producers. And if we factor in that this effectively translates into a hard impact on the economies of countries like Russia and Venezuela, which are not currently enjoying a healthy diplomatic relationship with the United States, then sinking the oil price ...
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%)