Oil Prices Threaten Russian Economy: Falling prices raise fears of recession

28/9/2014

Russia's economy could be in for further trouble. Economists are predicting that the low price of oil could lead Russia into recession as Western sanctions bite. The declining price of oil has made it more difficult for Russia to withstand sanctions from Western countries. The Russian ruble has plummeted in recent weeks to its lowest point ever against the dollar.

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Latest map and updates from the #Ukraine - #Russia front, September 28, 12:00 from @NSDC_ua https://t.co/pkYVdebjG1 pic.twitter.com/yQpAMC7eS3
— Euromaidan Press (@EuromaidanPress) September 28, 2014

Donetsk airport utterly destroyed yet remains major meaningful battleground; https://t.co/VS8V9OpB6Z @tsnua @ChristopherJM #Russia #Ukraine
— Paula Chertok (@PaulaChertok) September 28, 2014

Pro-#Russia|n map, Eastern #Ukraine 26 / 27th Sept v @Black_Bomb pic.twitter.com/YrblzNPntI
— Silver Surfer (@RobPulseNews) September 28, 2014

RT @Hromadske #Ukraine reports a buildup of #Russia|n troops in annexed Crimea, along the border w Ukrainian southern provinces @rnbo_gov_ua

— Silver Surfer (@RobPulseNews) September 28, 2014

G-7 Statement on #Ukraine: We reiterate our condemnation of #Russia’s illegal annexation of #Crimea http://t.co/7QYYG2ThYH (from @StateDept)

— MFA of Ukraine (@MFA_Ukraine) September 26, 2014

Russia careens to recession as oil dip hits budget: The easing of tensions in Ukraine w... http://t.co/MoabYI9Yd8 http://t.co/jZ7RosdtB7

— DCD AG, Switzerland (@DCD_AG_ENGLISH) September 26, 2014

U.S.-#Russia Cycle of One-Upmanship Could Prove Catastrophic http://t.co/QP6kxOpxc8 #opinion

— The Moscow Times (@MoscowTimes) September 28, 2014

#Russians Faced With Lower Quality Fruit and Veg Following Western Food Ban http://t.co/C8OhlwHuAY #business

— The Moscow Times (@MoscowTimes) September 26, 2014