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My opinion- Russia will not retreat from Crimea.
Your thoughts are?
What should be clear in any deal signed.
Is now the time for the West to reach - negotiate a deal on Ukraine?Low oil prices and international sanctions have crippled Russia’s economy. The country has been operating at a deficit since 2012, and its Reserve Fund is slated to run out by 2017. Last week, the World Bank warned that the poverty rate in Russia is rising sharply.
Depending on Oil Revenue
One reason for Russia’s current economic situation is the sharp decline in global oil prices since June 2014. “Russia’s economy never diversified away from oil and raw materials export dependence,” Kimberly Marten, a political science professor at Barnard College and Columbia University, said in a recent email. In 2015, oil and gas accounted for 43 percent of the government’s revenue.
My opinion- Russia will not retreat from Crimea.
Your thoughts are?
What should be clear in any deal signed.