Falling oil prices prompt Russian economic fears
Written by Stephen Tindale, 12 June 2012
Stephen Tindale, of the Centre for European Reform, said, “Almost half of the Russian government's revenue comes from various taxes on oil and gas exports." Tindale says that leaves the Russian economy highly vulnerable to a fall in oil prices. "It would mean their budget was well out of balance and so would be very serious, short-term, for Putin and the Russian government," he said.
Link to press quote:
http://www.voanews.com/content/falling-oil-prices-prompt-russian-economic-fears/1206097.html
