"...the collapse in oil prices triggered by the COVID-19 pandemic exposed Russia’s enduring susceptibility to sharp falls in energy prices." From a recent discussion of Russia's energy profile and its prospects by Connolly, Hanson (@creesbham) & Brads
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While measures undertaken since 2014 to reduce the govt’s fiscal dependence on high oil prices will help Russia avoid a worst-case outcome of a fiscal or financial crisis, the dependence of other branches of the economy on the energy sector remains high. h
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The series continues apace! More good stuff here.
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Two more coronavirus commentaries online now @ Eurasian Geography and Economics (free to download!): https://t.co/F4eTg1ZPKO (Connolly et al.) and https://t.co/nSw9qfKGou (Kouril and Ferencuhova). Enjoy!