Assessments

A digital board displaying currency exchange rates in Moscow on March 18, 2020.

If oil stays below $40 throughout the year, Russia could slide back into recession and see its ongoing economic challenges worsen, sapping the government's popularity.

Russia's Economy Faces Stormy Seas Despite Moscow's Optimistic Forecast

<ul><li>Russia will be able to implement its budget largely as planned as it empties foreign exchange reserves to make up for lost oil revenues.</li><li>But if oil stays below $40 throughout the year, Russia could slide back into recession and see its ongoing economic challenges worsen.</li><li>The current crisis will affect the purchasing power of the Russian population, which will cost the government popularity ahead of key elections in 2020 and 2021.</li></ul>

ASSESSMENTS

Russia's Economy Faces Stormy Seas Despite Moscow's Optimistic Forecast

Highlights

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