: :inin Kyiv (EET)

Oil Prices Changing the Face Of Global Geopolitics


In a documentary that aired recently on the Canadian Broadcasting Corporation’s popular The Fifth Estate program, an allegory of Vladimir Putin was presented. The wily Russian president was described growing up in a shabby St. Petersburg apartment, where he would often corner rats.
Now, punished by low oil prices and Western sanctions against Russian incursions in Ukraine/ Crimea, Putin is himself the cornered rat. Many wonder, and fear, what he will do if conditions in Russia become increasingly desperate.
In the last six months oil prices have plunged over 50 percent and the Russian economy is hurting. The country now faces slowing …read more

Source: Time

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