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 slump began in mid-2014, Russia's economic policy response has been highly effective.
Event Sponsor
Overview
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.
Speaker
Chris Miller
Hosted By
Kennan Institute
The Kennan Institute is the premier US center for advanced research on Eurasia and the oldest and largest regional program at the Woodrow Wilson International Center for Scholars. The Kennan Institute is committed to improving American understanding of Russia, Ukraine, Central Asia, the South Caucasus, and the surrounding region though research and exchange. Read more
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