Why Russia’s economy is unlikely to collapse even if oil prices fall

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Why Russia’s economy is unlikely to collapse even if oil prices fall - short news

Hopes that tougher sanctions and lower oil prices could derail Putin’s war effort underestimate how far the Kremlin has rewired its economy

Pacing inside the Kremlin last weekend, as news feeds churned out minute-by-minute reports of Donald’s Trump’s Venezuelan coup, Vladimir Putin may have been wondering what it would mean for the price of oil.

Crude oil has lubricated the Russian economy for decades – far more than gas exports to Europe – and so the threat of falling..

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source: The Guardian - 10.01.2026