Giornale Roma - Putin's War Will Go Bankrupt if the Oil Prices Drop

NYSE - LSE

SCS	0.12%	16.14	$
RBGPF	1.65%	83.78	$
BCC	0.63%	80.81	$
CMSD	-0.17%	24.05	$
RELX	-1.03%	35.8	$
CMSC	0.21%	23.76	$
BCE	1.43%	25.86	$
NGG	0.23%	85.27	$
RIO	-4.5%	91.03	$
RYCEF	-2.69%	16	$
JRI	1.07%	13.08	$
GSK	1.82%	51.6	$
BTI	0.76%	60.68	$
BP	-0.42%	37.88	$
VOD	-0.41%	14.65	$
AZN	0.19%	92.77	$

Putin's War Will Go Bankrupt if the Oil Prices Drop

The oil prices can suddenly drop if Saudi Arabia decides to boost production and flood the market with cheap oil. That's catastrophic for the Russian budget and for the war budget in particular. Putin will basically "go bankrupt" for financing the war against Ukraine and the West if the oil prices fall low enough.

But there's a bigger player to that, too. China is a major world player and it is getting Russia more and more dependent on its political will.

Azerbaijan is in control: Armenians flee Nagorno-Karabakh

EU countries agree on watered-down car emissions proposal

Hungary-Dictator PM Orban claims EU 'deceived' Hungary

Ruble at the end: Russia's currency on the brink of collapse

Spain: Sánchez's aim of a left coalition will fail!

UNESCO accepts the US back into the fold after a five-year absence

Ukraine's struggle: Surviving after the flood

War crime by the Russians: Thousands without drinking water in Ukraine

Arab League reinstates Syrian membership after a 12-years

Turkey's President Erdogan shows he is ready for a fight

Perverted Russian gets a bashing as flag thief

Thank you Ukraine for the destruction of the Russian terror soldiers!

Featured

Green Oasis Istanbul: Beautiful Gardens, Forests, and Islands

İstanbul is synonymous with history and cultural landmarks, but it also has colourful gardens and forests to enjoy a spot of nature in the city.

EU Project: Cleaning rivers, lakes and seas

Europe's waters have been becoming more polluted over decades, mainly due to mismanagment of agriculture, industry and sewage treatment. In this Crash Course we dig into the alarming statistics and explore what the EU is doing about it.

EU: Low interest rates and food challenges

The European Central Bank's "historic" interest rate cut and the European Union's food challenges - both in agricultural production and food waste - are this week's top topics.