: :inin Kyiv (EET)

Fighting to Survive Budget Contraction, Kremlin Tries to Fix Oil Prices


On March 1, President Vladimir Putin gathered the CEOs of Russia’s oil majors in the Kremlin to discuss a possible freeze of crude production to boost oil prices. Oil is Russia’s main export commodity and the main source of state revenue. Putin commended the “healthy state of the oil industry”—in 2015, Russia increased oil production by 1.4 percent to some 10.9 million barrels a day, pumping oil approximately on par with Saudi Arabia. Almost half of Russia’s produced oil is exported, with exports increasing in 2015 by some 9 percent. But the price of Russia’s “Urals” standard export crude has …read more

Source: The Jamestown Foundation

World press about Ukraine

The category “World Press” is created to observe information about Ukraine in the world media. More information about “World Press” category you can read here

World press category: terms & conditions

Submit a Comment

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

Share This

Share this post with your friends!