In a recent Russian Economy briefing (http://trueeconomics.blogspot.ie/2014/09/2992014-russian-economy-briefing-for.html) I highlighted the risk of oil price changes on Russian economy. Here is a chart showing dramatic elevation of these risks:
Thursday, October 2, 2014
2/10/2014: That Oil Price Shock: Russia
In a recent Russian Economy briefing (http://trueeconomics.blogspot.ie/2014/09/2992014-russian-economy-briefing-for.html) I highlighted the risk of oil price changes on Russian economy. Here is a chart showing dramatic elevation of these risks:
Would the decline in the Ruble over the last few months not compensate the drop in oil prices if Russia sells its oil in Euros, Dollars or Sterling and then converts sales prices back to Rubles?
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