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To: AdmSmith

If you would check the graphics you would see other oil-exporting countries.
All are positively affected by oil prices, but for some strange reason Russia performs much better.


51 posted on 08/26/2014 5:13:18 AM PDT by wetphoenix
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To: wetphoenix

The swing in much bigger in Russia. The graph is until 2011, now is heading down again.

A more important parameter is the GDP/capita:
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita

Russian Economic Development Minister Aleksei Ulyukayev on Monday called for revising the federal budget parameters in favour of education, healthcare and infrastructure.

http://en.itar-tass.com/economy/746490

Will Putin kick him out from the Government?


52 posted on 08/26/2014 5:29:06 AM PDT by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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