Will Russia go broke?
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A new statement was released earlier this week naming the predicted oil prices for the 2016 year. Oil from Iran has lowered the cost per barrel because there is a higher supply now. The annual budget for Russia had oil marked at $50 pb although it is now foreseen that they will have to sell it at $30 pb greatly decreasing their economy's worth. This is similar to mercantilism in the case where Iran is Great Britain, they have the upper hand in the oil market and are forcing other countries to either work for them or suffer financially.
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