Moscow To Cut Oil Supplies To Belarus In Payment Dispute
Moscow To Cut Oil Supplies To Belarus In Payment Dispute.
Moscow To Cut Oil Supplies To Belarus In Payment Dispute.
Russian agency Interfax is reporting this morning that President Putin has declared Russia ready to freeze oil production at current levels starting on November 30, 2016. This declaration comes ahead of the OPEC meeting. Mr. Putin has further commented that while an agreement at the OPEC meeting could not be…
Former Russian economic minister Alexei Kudrin, once Vladimir Putin’s golden boy, said today that the Russian government has not faced economic realities regarding the economy and the federal budget. “The price of oil fell, we don’t have enough income, and there are problems with growth factors,” Mr. Kudrin told his…
Russia and OPEC have been coordinating recently to attempt to raise the price of crude oil on international markets as the current low prices have devastated the budgets and economies of most oil-producing states like the Russian Federation. The coordinated effort has had limited success. Russia’s Economic Development Minister Aleksey…
There were some happy campers in Moscow recently when the price of crude oil pushed past $50 a barrel. The Kremlin seems to have successfully talked up the market by signaling it was ready for a production ceiling deal with OPEC. You could hear the collective sigh of relief from…
Ever since sanctions were imposed on Russia following the annexation of Crimea and the start of the conflict in eastern Ukraine, it has been the Kremlin’s strategy to wait out the West, based on a divide-and-conquer approach to the countries of Europe. We now may be seeing that strategy start…
Of the five Caspian states, Azerbaijan is the country most vulnerable to the collapse in the price of crude oil as the country lacks the minerals and other natural wealth of others in the region. After spending much of its foreign currency reserves last year to support a peg to…