Friday, November 28, 2014

According To Russian President Putin, Everything Is 'Fine'

Russian President Vladimir Putin takes part in a live broadcast nationwide phone-in in Moscow in this April 17, 2014 file photo. Credit: Reuters/Alexei Nikolskyi/RIA Novosti/Kremlin/Files

Putin Says Russia Doing Fine in Face of Tumbling Crude Prices -- Bloomberg

President Vladimir Putin said Russia will cope with the rout in crude oil after benchmark prices plunged to a four-year low near $70 a barrel.

“We are satisfied overall with the situation and do not see anything so extraordinary in what is happening,” he said today in Sochi, Russia. “Winter is coming and I am sure that the market will come into balance again in the first quarter or toward the middle of next year.”

Putin’s comments run counter to the consensus of analysts, who see Russia threatened with recession after crude collapsed into a bear market. The world’s second-largest oil exporter, which relies on crude for almost half its income, is revising down estimates after basing next year’s budget on oil at $100 a barrel, Economy Minister Alexei Ulyukayev told reporters in Moscow today.

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More News On Russian President Putin

Putin expects oil prices to find balance by middle of 2015 -- Reuters
Putin Says OPEC Decision Suits Russia -Interfax -- Nasdaq
Putin Begins Talks With French Oil Giant Total's New Head -- Sputnik
Attempts to pressure Russia by sanctions futile, says Putin -- First Post/IANS
Putin calls for switch from sanctions to search for mutually acceptable solutions -- ITAR-TASS
Radical groups once employed by West are main threat for Syria, Middle East — Putin -- ITAR-TASS
Putin to push trade in Turkey despite disagreement on Syria -- Reuters
Putin generally satisfied with Russia state defense order situation -- ITAR-TASS
Vladimir Putin wants Russia to have full access to Hollywood movies -- The Guardian

1 comment:

oldfatslow said...

I don't know how the idiom
would sound in Russian, but
Comrade Putin is whistling
in the dark.