## 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](https://www.imf.org/en/blogs/articles/2015/08/10/russia-feeling-the-pinch-of-cheaper-oil-sanctions)

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- [Markdown version](/en/blogs/articles/2015/08/10/russia-feeling-the-pinch-of-cheaper-oil-sanctions/index.md)
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## Bibliographic details
- Authors: iMFdirect
- Published: August 10, 2015

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### 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.*

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## References

- [Podcast](http://www.imf.org/external/pubs/ft/survey/so/podcast.aspx)

_Source: https://www.imf.org/en/blogs/articles/2015/08/10/russia-feeling-the-pinch-of-cheaper-oil-sanctions_