Oil Slumps As Saudis "Won't Change" Policy, Russia Rethinks 2016 Price Forecast
December 30, 2015 at 10:35 AM EST
The ruble is plunging in the face of the oil price slump and if prices hit $30/bbl, the country’s budget deficit is expected to balloon from 3% of GDP to some 4.4% - that would be the second largest deficit in two decades.
