looking beyond borders

foreign policy and global economy

Oil Crisis Tests Putin’s Skill To Project Strength

The global economic consequences of COVID-19 would inevitably slow Russian economic growth. A prolonged collapse in oil prices would almost certainly push the economy into recession. Putin’s promises evaporated. In these circumstances, Putin needs to raise and stabilize oil prices. The question was how to do that without appearing to yield to Saudi or American pressure.

Read Here – Yale Global

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