Home /RUSSIA'S ECONOMIC PROBLEMS
RUSSIA'S ECONOMIC PROBLEMS
Submitted by christian on Fri, 01/02/2015 - 14:43
Russia relies on oil and gas for half its tax revenue and needs the price of a barrel to be at $100 to balance its books. Instead, the price is closer to $60. The value of the rouble has plummeted pretty much in tandem, leading to a sense of panic in the markets.
Russia's Main Economic Problems?
