Putin Reaps Political Gains From OPEC+ But Economic Boost Wanes
- Russia’s geopolitical interests benefited from the agreement
- Oil cuts take half percentage point off Russian GDP: Goldman
Vladimir Putin
Photographer: Mikhail Metzel/AFP via Getty Images
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Russia’s pact with OPEC has significantly enhanced President Vladimir Putin’s presence on the world stage, but as his geopolitical clout keeps growing the economic benefits for his country have lost some potency.