Litwin
Platinum Member
With cost of “black gold” at 15-23 dollars per barrel, the USSR economy collapsed, and the sovok itself collapsed, and the "golden" horde ("russia") budget can only be fulfilled only with oil price at $ 42.4 and higher.
Russian Ruble Ends Painful Week in Red, All Eyes on US Vote
www.themoscowtimes.com › 2020/10/30 › russian-ruble-...
The currency has lost around 5% this week alone amid some of the biggest sell-offs on global markets since ....
Oil prices — a key influence on Russia’s financial health — have dropped 10% since Monday as concerns spread about another potential supply glut as the outlook for the economy weakens. Lower mobility levels and weaker production generally mean less demand for the black stuff. With Russia, Saudi Arabia and other OPEC+ members not set to meet until the end of November to discuss their future oil production plans, prices tumbled to $37 a barrel in Friday trading — the lowest level in five months.
Russia’s stock market was also down by 0.7% on Friday in dollar-terms, sinking to its lowest reading in six months..... “The re-emergence of geopolitical tensions in the summer, relating in particular to the crisis in Belarus and the poisoning of Navalny, has weighed on Russian assets, especially the ruble,” said Deutsche Bank analysts in a research note this week. "
Russian Ruble Ends Painful Week in Red, All Eyes on US Vote
www.themoscowtimes.com › 2020/10/30 › russian-ruble-...
The currency has lost around 5% this week alone amid some of the biggest sell-offs on global markets since ....
Oil prices — a key influence on Russia’s financial health — have dropped 10% since Monday as concerns spread about another potential supply glut as the outlook for the economy weakens. Lower mobility levels and weaker production generally mean less demand for the black stuff. With Russia, Saudi Arabia and other OPEC+ members not set to meet until the end of November to discuss their future oil production plans, prices tumbled to $37 a barrel in Friday trading — the lowest level in five months.
Russia’s stock market was also down by 0.7% on Friday in dollar-terms, sinking to its lowest reading in six months..... “The re-emergence of geopolitical tensions in the summer, relating in particular to the crisis in Belarus and the poisoning of Navalny, has weighed on Russian assets, especially the ruble,” said Deutsche Bank analysts in a research note this week. "
