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Janni0007 t1_j56fxpg wrote

In parts sure. But there are a lot of things that could influence this either way. A global recession and the consequent slowdown of fossil fuel consumption would be a disaster for russia. If the economy booms and there is a ton of demand either way? Then the impact is far less pronounced.

Oil is to easy to trade and too important for the economy. Someone is always going to buy it. 30-40$ is the cut off for profitability for Russian oil. If it is above that then they will be mostly fine. Below that they are fucked.

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