- Russia Update - Lower oil price will take its toll
- Atradius Economic Research
- Number of pages
- Atradius Dutch State Business
- Document type
- Faculty of Economics and Business (FEB)
- Amsterdam School of Economics Research Institute (ASE-RI)
- Russia managed to avoid a recession in 2014 as economic owes have mounted.
Already feeble investments were further eroded by the US/EU sanctions.
But it is the oil price decline from USD 110 to below USD 50 that is pushing Russia into a serious recession in 2015.
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