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flag Russia's oil revenue takes a 25% hit, causing financial strain as prices drop to $50 per barrel.

flag Russia's Urals crude oil price has dropped to near $50 per barrel, a 25% fall below budgeted levels, due to global oil market instability following US tariffs and OPEC+ production increases. flag This has led to a financial strain on Russia, as oil revenues account for about 30% of the country's budget. flag The Kremlin is closely monitoring the situation, which has also affected Russia's stock market and could lead to a ruble devaluation.

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