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Delyagin: Landslide of Oil Prices will Trigger Crisis in the Russian Federation
March 3, In the opinion of research manager of Institute of Globalization Studies Mikhail Delyagin, if oil prices fall, Russia is in for economic, since the countrys economy is developing poorly.
Delyagin believes that a significant part of money is settled at the Central Bank accounts and in the stabilization fund, Gazeta.ru reports.
The Russian economy will still be in crisis even if the prices remain at the same level, believes the economist, but that will happend a bit later - in about 5 years.
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Photo: Dmitry Lebedev
