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The sad thing is while Russia has oil, and oil prices are high, the Russian government can do pretty much what they want to do, with major support from the popu
by SeanDav 12y ago
The sad thing is while Russia has oil, and oil prices are high, the Russian government can do pretty much what they want to do, with major support from the population who benefit from a decent standard of living.
- tomelders 12y agoOil prices are nose diving aren't they? http://www.ft.com/cms/s/0/18a2df62-7949-11e4-9567-00144feabdc0.html#axzz3Kq9w6gYK http://www.ft.com/cms/s/0/18a2df62-7949-11e4-9567-00144feabd...
- dagw 12y agoYup, and the Russian ruble is at an all time low against the USD (and by extension all other western currencies).
- IkmoIkmo 12y agoFeels kind of the opposite for me. When oil prices are high Russia doesn't really care too much and just moves on. When it's low, there's this sort of nationalistic push in various fields of public and private life in Russia. Maybe to resist foreign pressure, who knows. A country is more susceptible to a change of course when its resources are low, when it becomes dependent. In short, oil prices being high means they have 'fuck off' money. When it's low, the government feels it has to focus on creating a collective nationalistic spirit to pull through. These are just my thoughts on seeing Russia behave over time in the context of oil prices. Look at how they behave now when oil prices are low and NATO is making a push eastwards, and compare it to a few years ago when oil was high.