Russia and the Oil Price Crash | Wilson Center
5th Floor, Woodrow Wilson Center

Russia and the Oil Price Crash

Can Russia survive the crash in oil prices? Like every energy exporter, Russia is suffering from low commodity prices. But, since the beginning of the slump (mid-2014), Russia's economic policy response has been reasonably effective. Drawing on policies developed over the past 15 years, Russia has let its currency fall against the dollar, helping to balance the budget, and has continued adjusting oil taxation to incentivize exports. With Duma elections coming this fall, 2016 is likely to be a more difficult environment for Russian policy makers.


  • Chris Miller

    Assistant Professor of International History at the Fletcher School of Law and Diplomacy at Tufts University