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Russia in 2016

Russia in 2016

President Vladimir Putin opened his marathon year-ender news conference in December with comments on the state of the Russian economy, and immediately began coughing. Some political observers noted that Mr. Putin tends to cough when he’s uncomfortable about something. If so, he had plenty to be nervous about. His number one worry: the effect of plummeting oil prices on Russia’s energy export-dependent economy, a factor that will play a defining role for Russia in 2016.

OIL

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