American Marconi Wireless News - Putin's War Will Go Bankrupt if the Oil Prices Drop

NYSE - LSE

SCU	0%	12.72	$
RYCEF	-1.19%	14.33	$
RBGPF	-0.03%	74.92	$
BTI	0.52%	55.84	$
GSK	-0.96%	37.32	$
CMSC	0%	23.07	$
RIO	-0.5%	59.7	$
CMSD	-0.51%	23.51	$
NGG	-0.51%	72.28	$
SCS	-3.88%	15.96	$
RELX	-2.73%	50.59	$
VOD	0.54%	11.1	$
BCC	4.68%	86.77	$
JRI	0.45%	13.26	$
AZN	-0.15%	74.48	$
BP	3.3%	33.6	$
BCE	1.06%	23.56	$

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.

Norway: Russians sceptical about Russia's terror against Ukraine

Nepal: Crowd demands reinstatement of the monarchy

Europe: Is Bulgaria "hostage" to a Schengen debate?

EU: Netherlands causes headaches in Brussels

Israel in the fight against the terror scum of Hamas

Italy: Storm Ciarán brings disastrous record rainfall

What remains of the EU leader's visit to Kiev?

Gaza: Hamas terrorists responsible for expulsion

Vice-Chancellor Habeck: Empty words without action?

Israel: More bodies, weeks after Hamas terror attack

Israel politician threatens russian terror state on Russian TV

EU: No agreement on 10-year extension for glyphosate

Featured

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.

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.