The ongoing decline in global oil prices is very bad news for Putin’s regime which depends on oil and gas revenues for about 40% of its federal budget.
By Free Russia Foundation March 14, 2020
The ongoing decline in global oil prices is very bad news for Putin’s regime which depends on oil and gas revenues for about 40% of its federal budget.
This “black swan” comes in a flock— it coincides with the global coronavirus pandemic, the introduction of new US sanctions targeting the Russian energy sector; and on the domestic front, exacerbated by an extremely unpopular move by Putin to rewrite the Constitution with the sole goal of remaining in power for life.
We put together a matrix with scenarios for Russia under various energy market assumptions. Below, we have put together a matrix with scenarios for Russia and various energy market assumptions.
This is an excerpt from a Free Russia Foundation study Russian Scenarios 2030, that also includes chapters on:
· Elites’ Cohesion and Coup D’état
· Military Confrontation
· Russia as a Proxy Superpower of China
· Decentralization
· Local Military Conflicts
· Two Positive Scenarios
· The Sanctions Scenario
· State Crony Capitalism
· Russia and China in 2030
· De-escalation
· Succession after Putin’s Unexpected Death
