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Low oil prices and prolonged sanctions: How will Russia adapt?
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Report summary
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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This report includes 3 images and tables including:
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- Brent price (US$/bbl), vs rouble exchange rate (RUB/US$), and major events in 2014
- Russia liquids production 2014 - 2035
- Brent oil price January 2014 - January 2015, US$ vs RUB
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