“We and the disintegration of the country saw, and the default has endured – and will survive it,” Satanovsky about the “battle for oil”

In the beginning of the week in Russia fell sharply, oil prices. The Ministry of Finance of the Russian Federation assert that they are ready for various scenarios including the worst. However, Yevgeny Satanovsky, a political scientist, I am sure that, despite all the difficulties, Russia has enough “margin” to cope with these problems.

In the night from 8 to 9 March has been a sharp collapse in oil prices – analyst says that he was not the last, informs a resource “Russian Dialogue“.

“As Russia refused to continue to reduce production below market prices to maintain, and collapsed,” – said Satanovskiy.

The experts now say that the game is on the decline in oil prices by Saudi Arabia to hurt impact in the USA. Satanovsky said that now no country in the world will not buy American oil, as it will be very unprofitable. This drop in oil prices will affect the Russian budget, but not as painful as the budget of the United States.

“We and the disintegration of the country saw, and the default is worried, and reform with the optimization we have to go, go, and the country is alive and lives. And it will survive,” wrote the analyst.

8 March, Saudi Arabia announced the reduction of oil prices after the deal fell through between Russia and OPEC+. Margarita Simonyan, editor-in-chief of the resource RT, said that Russia has enough safety margin to survive the crisis.


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