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

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

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