How will the expected drop in oil prices affect the Russian economy? At the crossroads

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Latvijas Radio

Published on Streamed live on Nov 12, 2024
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It will soon be a thousand days since the war in Ukraine, and despite the many rounds of sanctions imposed on Russia by Western countries, the aggressor still has enough money to invest in the war. Russia's budget is still filled with oil and gas money, its economy is running on war and even in danger of overheating. Do sanctions work and what should happen in the energy, especially oil market, so that the aggressor runs out of money? The head of the Energy Market Department of the Ministry of Climate and Energy, Gunārs Valdmanis, SEB bank economist Dainis Gašpuitis, researcher of the Eastern European Policy Research Center Armands Astukevičs, and chairman of the Board of the Latvian Fuel Traders Association Ojārs Karčevskis analyze what the forecasts are at the Crossroads. Latvijas Radio http://www.latvijasradio.lsm.lv/ Twitter: / latvijasradio Facebook: / latvijasradio Instagram: / latvijasradio

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