RIAC :: Russia,oil

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IS THERE THE WAY OUT OF THE DARK: THE FUTURE OF THE RUSSIAN ECONOMY

... stock market. Oil production takes around 70% of the total GDP in Russia. Clearly, when the prices of oil fall, it has a profound effect on the overall growth of the country. While it is hard to predict the direction, in which the prices of crude oil will move, Russian government should transform Russian economy and take advantage from the free-floating ruble. The decreasing national currency is not always a bad sign. Russia could increase export volumes in the future due to cheap ruble. This could make manufacturing ...

25.02.2016

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OPEC Decision to Cause Oil Shock for Russia

... the Long-term Strategic Planning Department Maksim Oreshkin proposed budget cuts as a method of financial adaptation. Previously, the Bank of Russia expected a zero economic growth in 2015, but now the tide may turn downcast. Optimistic CEOs of Russian oil companies seem to be more optimistic. Rosneft President Igor Sechin announced that a $60 price is acceptable, because a barrel cost value is only $4. One may find hypocrisy in Sechin’s words. Recently he demanded $42.5 billion from the Russian ...

29.11.2014

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Poll conducted

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%)