How Putin Is Surviving Lost Oil Revenue

A cheap ruble and spending curbs are helping, for now.


Photographer: Mikhail Klimentyev / AFP / Getty Images

In assessing Russian President Vladimir Putin's ability to stay in power and defy the West, one crucial question is how much longer his government's finances can stand extremely low oil prices. Judging from an analysis by economists at Deutsche Bank, he might be able to hold out longer than previously thought.

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