Russia Can Live With $25 Oil For Years

Posted by Tsvetana Paraskova

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After oil prices collapsed in the worst drop in nearly three decades—courtesy of the renewed Saudi-Russia rivalry on the oil market – Russia’s Finance Ministry said on Monday that Moscow had enough resources to cover budget shortfalls amid oil prices at $25-30 a barrel for six to ten years.

The price of the Russian export grade Urals dropped to below $42.40 a barrel on Monday as oil prices tumbled by 30 percent…Click here for full article.

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