Source Pravda.Ru

Quick war to bring oil prices to $20 per barrel

The Russian Economy Ministry believes that the military operation in Iraq will not last long, and it will lead to a decrease in oil prices to the level of $20 per barrel, Deputy Economy Minister Arkady Dvorkovich told journalists today. So, the average price of Urals oil, according to the ministry's estimations, will be $25 per barrel, Dvorkovich said.

On the whole, the situation in Iraq will not result in any radical change in the Russian economy; "the Iraqi conflict influences the dynamics of the world economy and the economic growth dynamics in the USA and Europe, first of all", he noted.

When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked

US sanctions to kill Russian banks and sovereign debt?

The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America

Turkey desperately tries to rescue its national currency as it falls to all-time lows
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