Berliner Tageblatt - Putin's War Will Go Bankrupt if the Oil Prices Drop

NYSE - LSE

SCS	-4.94%	11.74	$
CMSC	0.08%	23.86	$
GSK	0.51%	33.6	$
CMSD	0%	23.56	$
RBGPF	100%	59.96	$
RYCEF	-0.14%	7.27	$
NGG	1.4%	58.5	$
BCE	0.22%	23.16	$
BCC	-0.21%	122.75	$
RIO	-0.15%	58.64	$
JRI	0.91%	12.06	$
AZN	1.39%	65.35	$
BP	0.66%	28.6	$
RELX	-0.68%	45.47	$
VOD	0.12%	8.39	$
BTI	0.31%	36.24	$

Putin's War Will Go Bankrupt if the Oil Prices Drop

The oil prices can suddenly drop if Saudi Arabia decides to boost production and flood the market with cheap oil. That's catastrophic for the Russian budget and for the war budget in particular. Putin will basically "go bankrupt" for financing the war against Ukraine and the West if the oil prices fall low enough.

But there's a bigger player to that, too. China is a major world player and it is getting Russia more and more dependent on its political will.

Trump's US support for Ukraine and China?

Cultural year 2024: between Qatar and Morocco

Planning a wellness break? Poland!

Studio Kremlin: creative co-working in Paris

Culture: Serbia’s architectural marvels

EU Residence permits: Record level to third nationals

Trump announces Homan as new 'border czar'

EU: How do we deal with Donald Trump?

Watch Live: Trump or Harris? America votes!

Georgia: Ruling party celebrates election victory

Asylum seekers: Return centres – a Solution?

Climate change: A farm in Rotterdam

Featured

EU: Low interest rates and food challenges

The European Central Bank's "historic" interest rate cut and the European Union's food challenges - both in agricultural production and food waste - are this week's top topics.

Green Oasis Istanbul: Beautiful Gardens, Forests, and Islands

İstanbul is synonymous with history and cultural landmarks, but it also has colourful gardens and forests to enjoy a spot of nature in the city.

EU Project: Cleaning rivers, lakes and seas

Europe's waters have been becoming more polluted over decades, mainly due to mismanagment of agriculture, industry and sewage treatment. In this Crash Course we dig into the alarming statistics and explore what the EU is doing about it.