Russia's Oil Dilemma, Explained

  • Kremlin needs to plug hole in budget stemming from crude slump
  • Higher tax could cause output to drop from post-Soviet record

Oil Tempers Biggest Drop in Three Weeks

While the world focuses on Russia’s oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation’s energy industry.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.