Russia Feeling The Pinch of Cheaper Oil, Sanctions
IMF Blog, August 10, 2015
Source details
- Canonical URL
- Russia Feeling The Pinch of Cheaper Oil, Sanctions
Other formats
Bibliographic details
- Authors: iMFdirect
- Published: August 10, 2015
Publication details
- iMFdirect
- August 10, 2015
Key findings from the IMF’s annual assessment
- Cheap oil and sanctions together have helped drag the country into a recession.
- The assessment addresses:
- the extent to which Russia depends on oil revenues;
- what happens to such an economy when crude prices fall by half;
- the tangible effects of sanctions when a country falls out of favor with its trading partners.
Economic channels highlighted
- Oil dependence: the assessment focuses on Russia’s dependence on oil revenues and the consequences for the economy when crude prices fall by half.
- Sanctions impact: the assessment examines the tangible effects of sanctions on trade and economic activity when a country falls out of favor with its trading partners.
Media format
- Podcast featuring the IMF Mission Chief for Russia deconstructing major factors of Russia’s slowing economy.
- Listen to it on SoundCloud.
Source: IMF blog post, "Russia Feeling The Pinch of Cheaper Oil, Sanctions", iMFdirect, August 10, 2015.