Russia’s economy hit by oil prices

Global Business

Russia's economy hit by oil prices

Oil’s volatility isn’t just taking a bite out of the energy giants. It’s also feasting on Russia’s economy too.

But besides oil, the country’s dealing with a currency crunch that’s impacting living standards for most Russians.

CCTV’s Julia Lyubova reports, some are now saying the economy may shrink for a second year.

Russia's economy hit by oil prices

Russia's economy hit by oil prices

Oil's volatility isn't just taking a bite out of the energy giants. It's also feasting on Russia's economy too. But besides oil, the country's dealing with a currency crunch that's impacting living standards for most Russians. CCTV's Julia Lyubova reports, some are now saying the economy may shrink for a second year.


Carl Larry on future oil prices

CCTV America’s Michelle Makori interviewed Carl Larry. He’s the oil and gas director for Frost and Sullivan, a consulting company.

Carl Larry on future oil prices

Carl Larry on future oil prices

CCTV America's Michelle Makori interviewed Carl Larry. He's the oil and gas director for Frost and Sullivan, a consulting company.