Specialist: Cheap oil makes Russian Federation only angrier
The decrease in oil prices will not make the Russian Federation more peaceful, but rather will cause the opposite effect, says in an interview with the publication, Focus Director of the Centre for European economic research in Mannheim Clemens Fust.
According to the expert, " the Cost of oil may fall even lower than most assume ". However, this will not make the Russian Federation more peaceable, the expert believes. On the contrary, in the opinion of the Fust, the effect of the decrease of oil prices is, with an eye to the Russian Federation, " dangerous ", according to Russia Today. In addition, the Fust warned the EU against further sanctions against Russia." The EU was extremely interested in the fact that Russia remained economically stable, " drew the attention of the economist. In conversation Focus specialist complements his words by the fact that the conflict in Ukraine has diverted attention from the fall of the Euro. However, the crisis of the European currency may begin at any time, says the economist, the 1st and foremost due to the risk of coming to power of populist parties, which will suspend the policy of economic reform. Most importantly, the danger for the Euro comes from such countries as Greece, Italy and Spain, where populist parties get more and more support among residents. Position 10. 04 GMT Tuesday futures price for North sea Brent fell by 3 42% to 45, 86 dollars per barrel. The price of futures for light WTI oil fell 2, 65% to 44, 88 USD per barrel - the lowest level since April 2009. International oil prices fall amid investors ' concerns that the accumulation of black gold in the United States will continue to increase. The decrease in the cost of oil also was once first day of the week Goldman Sachs quickly lowered forecasts for Brent and WTI, noting that oil prices have to be around level 40 dollars per barrel during the first half of 2015, in order to provoke the reduction of investments in the shale industry in the USA.
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