Soaring Oil Prices Will Not Save Russia's Sluggish Economy From Recession

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Why Won't Oil Surpluses Help Russia Avoid Recession? The sharp rise in oil prices due to the US-Iran war will not save the Russian economy from recession – analysts believe the structural problems are too deep. This was reported by RBC-Ukraine, citing Bloomberg. Read also: EU ambassadors agreed on €90 billion for Ukraine and the 20th package of sanctions against Russia Oil prices are rising, but this won't help the Russian economy The rise in oi…

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Rising oil revenues of Russia amid rising oil prices due to the war in Iran will not help the Kremlin to revive the economy - Bloomberg explained why high rates, inflation and war costs continue to put pressure on the Russian Federation tsn.ua (news 1+1)