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  • Russia economy meltdown as oil prices crash 31% in fresh blow for Putin

    04/07/2025 6:46:57 AM PDT · by marcusmaximus · 19 replies
    Express UK ^ | 3/7/2025 | CIARAN MCGRATH
    Russia's economy is facing further turmoil as the price of its flagship Urals crude oil plummets to its lowest value since early 2023. On Friday, Russian Urals oil prices fell to about £43 per barrel ($53), with projections suggesting they could dip to £40 ($50) if the downward trend in global oil prices continues. -snip- The oil price crisis comes just as Russia faces rising domestic inflation, with everyday goods, such as food and fuel, becoming increasingly expensive. Ordinary Russians feel the impact, with the cost of basic goods, including bread, milk, and potatoes, rising dramatically. The country now finds...