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OPEC Decision to Cause Oil Shock for Russia.

Written by:

Alexey Ilin
Domains: Power & Politics, Political Economy & Trade & Communication
OPEC Decision to Cause Oil Shock for Russia

The OPEC refusal to decrease oil production and a subsequent price fall to a 4-year low make the future of Russian economy tenuous. Since July 2014, the Russian ruble depreciated to the U.S. dollar by 45%, and the economic growth stalled. Falling oil prices together with western sanctions induce Russian experts to seek alternative sources […]

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Alexey Ilin
Alexey Ilin is an S.J.D. student at KoGuan Law School of Shanghai Jiao Tong University (China) and an alumnus of Fulbright and Edmund S. Muskie programs (U.S.).
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