Russian talks with Gulf states, in Doha, Qatar, aimed at freezing oil production and thereby raising prices, broke down on April 17 (RT, April 17). This failure to reach an agreement represents a major setback for Russia’s economy as well as its domestic and foreign policies. Not surprisingly, upon news of the collapse of the meeting, global oil prices immediately fell sharply.
The Russian government may continue, through its army of online trolls and state officials, to try to claim that the country is weathering the storm of Western sanctions and low energy prices, or that Moscow is forging ahead …read more
Source: The Jamestown Foundation
