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Except oil and gas makes up over 70% of their exports meaning they are highly susceptible to getting their exchange rates (and thus international trade) wiped o
by opportune 7y ago
Except oil and gas makes up over 70% of their exports meaning they are highly susceptible to getting their exchange rates (and thus international trade) wiped out by a drop in value of their primary export. They basically suffer Dutch disease like most other oil exporters
- enraged_camel 7y agoRussia was the one that declined to cut oil production at the last OPEC+ meeting, which means they are capable of enduring this type of downturn. edit: why the downvotes? if you disagree, show some courage by posting a reply.
- patrickaljord 7y agoSaying anything remotely positive about Russia is a no-no on HN. Even if you're not even technically praising them (I wasn't and neither are you). Just saying they may not be going down soon is enough to be downvoted apparently.