Energy Quote of the Day: Putin, the Ruble, Rosneft and Economic Crisis
By Jared Anderson
The
Russian economy is heavily dependent on oil – prices of which have been
falling precipitously – and sanctions imposed by western governments in
retaliation for Russia’s aggressive action in Ukraine are putting
extreme pressure on the country’s currency. There is concern the Russian
government and/or Russian companies lack sufficient currency reserves
to pay debt
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