Oil price slump puts strain on Russia economy

Government spending billions to prop up the economy and its currency, draining its dollar reserves.

    Analysts have warned that the current oil price slump could push Russia into a recession next year.

    The government has been spending billions to prop up the economy and its currency, draining its dollar reserves.

    Al Jazeera's Rory Challands reports from Moscow.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Survivor stories from Super Typhoon Haiyan

    Survivor stories from Super Typhoon Haiyan

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    We Are Still Here: A Story from Native Alaska

    We Are Still Here: A Story from Native Alaska

    From Qatar to Alaska, a personal journey exploring what it means to belong when your culture is endangered.