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Wednesday, November 05, 2014
The Influence of Falling Oil Price on Russia
ANBOUND

The continuous low price of oil has been putting pressure on Russian economy and finance. ANBOUND's visiting economist Zhong Wei believes that the next 6 months will be the most dangerous period for Russia, whose export and financial revenue are highly dependent on natural gas and oil. If Putin can make it, the Russian people will go on supporting him while suffering from terrible economy and life. Otherwise, the opposition’s power in Russia will increase. Now the only way for Putin to fight against America is showing its strong military force, which is unlikely to be supported by countries that sympathize with Russia. The situation in Russia might even like that in Poland in the past or the current situation in Ukraine.

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