Low oil prices and prolonged sanctions: How will Russia adapt?
Through low oil prices and sanctions, Russia looks to be sorely tested in 2015 and beyond. A recession is expected in 2015 and long-term oil supply growth is under threat. Geopolitical tensions between Russia and the west will increase the longer the Ukraine crisis goes unresolved. Russia’s efforts to establish stronger energy trade ties with China will accelerate.
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Low oil prices and sanctions created turmoil in 2014