Russia’s Urals Oil Crashes Toward $50 in “Extremely Turbulent” Market

Russia economy in chaos as Kremlin panics over major market crash

EXCLUSIVE: Prices of a major Russian export have been fluctuating amid the chaos triggered by Donald Trump's trade tariffs.

Russia’s Economy Is in Sad Shape and Could Get Worse

Putin’s Failures: Russian Economy Slowing Sharply, Market Turmoil Coming –  A recent analysis by the Reuters news agency projects that the Russian economy has been slowing rapidly in the past few months. However, this may only be the beginning of Moscow’s troubles. Russia’s Economy Is In a Bad Place  One of the collateral effects of […] The post Russia’s Economy Is in Sad Shape and Could Get Worse appeared first on 19FortyFive.

Russian Central Bank Warns Falling Oil Prices Could Squeeze Budget

Russia’s Central Bank chief warned Tuesday that falling global oil prices could strain the country’s public finances, raising hopes among some in Ukraine that Moscow’s ability to fund its war effort would be hampered as a result.

Since Trump's tariff announcement, oil prices have fluctuated – which could have devastating consequences for Russia's producing country.

On Tuesday, Russia was concerned about the "risks" of a decline in its revenues, in the face of falling oil prices following the US trade war, to which was added a OPEC announcement of a more than expected increase in its production.

Moscow, the world's second largest oil producer, monitors "very closely" the situation, "which is currently extremely turbulent and tense".