Putin has not noticed the world economy falling into collapse, apparently.
Russia is on the edge and the oligarks are getting restless!
Russian Oligarch teams up with Gorbachev to form new political party: http://russiatrek.net/blog/2008/10/06/russian-oligarch-teams-up-with-gorbachev-to-form-new-political-party/
Transneft Says Russian Oil Exports Fell 25%, Interfax Reports
By Maria Ermakova
Nov. 9 (Bloomberg) — Russian oil exports have dropped 25 percent below ``normal’’ levels, OAO Transneft Chief Executive Officer Nikolai Tokarev told reporters today, according to Interfax.
The reductions are ``temporary,’’ Tokarev said, according to the report. ``The companies have contracts and obligations to their foreign partners, and they will fulfill them.’’
Russia cut its crude export duty by 23 percent to $287.30 a metric ton from Nov. 1, according to a government order published in the official Rossiyskaya Gazeta newspaper on Nov. 5.
Transneft is Russia’s state oil pipeline operator.
Mikhail Barkov, spokesman for Transneft, and Marina Dracheva, spokeswoman for TNK-BP, BP Plc’s Russian oil venture, declined to provide an immediate comment on the report. Vladimir Semakov, spokesman for OAO Lukoil, Russia’s largest non-state oil producer, couldn’t be reached.
To contact the reporter on this story: Maria Ermakova in Moscow at mermakova@bloomberg.net.
Last Updated: November 9, 2008 12:13 EST
Putin has noticed. He is using the obama way to help stimulate the economy - by raising the price of things, suddenly everyone will be prosperous.