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Russia faces multiple pressures due to Crude prices and western sanctions
原油價格和制裁使俄羅斯壓力重重
Russia faces multiple pressures,Crude prices and western sanctions affect Russian growth. Russia’s finance ministry says for every dollar drop in world crude oil prices, the country will lose 70 billion roubles, or 130 million US dollars.
Crude prices have fallen by a quarter since this summer, and the Russian government had to depreciate the rouble by 40 percent against the dollar since the beginning of the year to keep the same profit margin in its oil exports.
And in October the United States and Europe decided to place economic sanctions on Russia. Under the measures, many Russian companies in energy and national defense are not able to receive loans longer than 30 days from European and American banks and are therefore struggling with capital.
