Russia’s economy is highly dependent on its hydrocarbons, and oil and gas revenues account for more than 50% of the federal budget revenues.
http://www.eia.gov/countries/country-data.cfm?fips=RS&trk=m
Do you have a source for status of the LNG facilities? I was surprised by a contract signed by a company for ethane to be exported to Sweden.
If oil or natural gas goes into the mess....there are no more Russian billionaires. One would imagine that they are gathered now and discussing just how close to the edge they are, and what this was all about.
~Russia’s economy is highly dependent on its hydrocarbons, and oil and gas revenues account for more than 50% of the federal budget revenues.~
I actually think Russia would only benefit loosing half the government spending and cutting the government to size.
The question is would the sanctions affect the energy price?
I don’t think it would become lower.