With the price of oil down the tubes, will Russian gals be more pliable?

[MatureDJ]

https://www.rt.com/business/483500-russ ... risis-oil/

“If the price of oil rebounds to some adequate levels of around $40-50 [per barrel] in half a year, then we dodge that bullet,” he said. “If it is a prolonged crisis for one year or two with extremely low oil prices, it will be a great challenge for Russia.”

According to the strategist, extremely low crude prices are $20 dollars per barrel, but even under those circumstances the Russian economy can keep afloat up to one year due to its vast gold and forex reserves as well as the holdings of its national wealth fund. But after that, with reserves exhausted, the country may face a “serious economic crisis.”