Admiration for Putin’s decisiveness has largely subsided in the West, but not totally. There are still people arguing Russia will come out the other end reinforced. While low oil prices will also produce problems in the US shale sector, it’s strange to close one’s eyes to the problems these cause in Russia’s energy sector. The […]
Entries Tagged as 'Russia'
March 14th, 2015 · Comments Off on Is Putin Winning The Oil War?
February 10th, 2015 · Comments Off on A Russian Default?
It’s no secret that Russia is plagued by the crash in the oil price and Western sanctions, but there are also a host of structural economic problems. If the present conditions endure or worsen, there is a reasonable chance that Russia will default on part of its foreign debt, mostly in the hands of private […]