Moscow To Slowly, Carefully, Ramp Up Oil Production
Moscow To Slowly, Carefully, Ramp Up Oil Production.
Moscow To Slowly, Carefully, Ramp Up Oil Production.
Image by Kremlin.ru Russia and Venezuela signed a ten year debt restructuring agreement which would essentially kick the can down the road for the socialist Latin American country to repay its debts to the Kremlin. Venezuela is on the brink of societal and financial collapse as the policies of President…
Slow Growth Long Term Reality For Russian Economy.
Image by Kremlin.ru Russian Finance Minister Anton Siluanov said in an interview with CNBC on Friday that the Kremlin has factored in $40 oil in the federal budget and can survive if the price of crude reaches that level. Russia has been struggling to lessen the importance of hydrocarbon revenues…
Don’t Tell Anyone, But Are Russian Banks In Trouble?
Image by Kremlin.ru Russian Prime Minister Dmitry Medvedev said while speaking at the plenary session of the II Moscow Financial Forum that he would like to see the Russian economic growth rate higher than that of the world average. He declared the Kremlin has plans in place to make that…
Image by Департамент транспорта Москвы The Russian economy has been battered over the last several years, mainly due to the imposition of Western economic sanctions due to Russian behavior in Ukraine, and the collapse of oil prices on international markets. However, 2017 saw Russia begin to grow again as sanctions…
Image by kremlin.ru After mass protests from truck drivers and others Russians upset at tax policy, Moscow seems desperate to drive more revenue into the Kremlin’s coffers. Western sanctions and a precipitous drop in the price of crude oil on international markets, in spite of OPEC and Russia’s attempts to…