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1/30/2016 10:26:57 AM
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Oil per barrel price is 31.45 today, Russia BROKE! *drops the mic walks out* j/k on the mic part anyway the current energy environment is crippling the Russian state being that nearly 60% of the budget comes from energy revenues The larger portion of their national budget has shrunk by about $85 over the last 2 years. Lets do some math: $32(current price)/$115(price 2 years ago)=28%(current income vs previous income) 28%/60%(how much of their budget is effected)=17%(what remains) 17%+40(the rest of the budget unaffected)=57%(The current budget of Russia vs 2 years ago) In other words broke, almost half of their budget grew wings and flew away. But no worries many other dictatorships around the world are also feeling the oil burn (pun intended).
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