Co-authored by William Witenberg a contemporary artist focused on abstract painting
As the price of oil crumbles, declining over 25% since June, the consequences on the Russian economy have been drastic. What American and European sanctions (brought as a result of the annexation of Crimea) and the Ukraine crisis failed to do to the Russian economy, the declining price of oil has done. While the ruble weakened as a result of the tensions with the west, it fell in excess of 10 percent at the end of last week due to the oil price decline. However, any decline in the …read more
Source: The Huffington Post
