Russia Says Oil ‘Tense and Turbulent’ as Its Key Grade Nears $50
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The Kremlin said it’s doing everything possible to minimize the impact of a global oil price rout on Russia’s economy as the nation’s key export grade plunges toward $50 a barrel for first time in 21 months.
“We are very closely monitoring the situation, which is currently characterized as extremely turbulent, tense and emotionally overloaded,” the Interfax cited Kremlin spokesman Dimitri Peskov as saying Monday. Russian authorities are working to minimize “the consequences of this international economic storm for our economy.”