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Russia's Economy Faces Challenges as Energy Revenues Decline and Defence Spending Soars

1 min read
Source: Financial Times
TL;DR

Russia has admitted to facing "problems" as its energy revenues fall due to the global energy market's volatility and the decline in oil prices. The country's economy is heavily dependent on energy exports, and the fall in revenues has led to economic problems.

Topics:worldbusiness#business#economic-problems#energy-revenues#global-energy-market#oil-prices#russia
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  1. Russia admits 'problems' as energy revenues fall  Financial Times
  2. Russia Says Economy Contracts 1.9% in First Quarter  The Moscow Times
  3. Russia's consumer prices barely change for second week running  Reuters
  4. Major blow for Putin after Russian economy takes huge plunge and shrinks by almost 2%  Express
  5. Russia's defence spending jumped 282% on-year to US$26 billion in Jan-Feb: Budget data  CNA

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