Russian Economys Reliance On Oil Threatens GDP Target, Says De Clare
Since the devaluation of the ruble in 1998 the Russian economy has become increasingly reliant on the prices of crude oil and petroleum products, according to Brian de Clare, Executive Director and Global Head of Commodity Derivatives Marketing, ABN AMRO. In the paper Russian Oil and Gas: Lubricating the Economy, presented recently to a Russian energy investment conference in...
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