Russia Budget Break-Even On Oil Price

Today, Win Thin, emerging markets at Brown Brothers Harriman, said on Bloomberg Radio that Russia is essentially an oil economy, and that while not long ago its budget break-even was as $45 per barrel of Brent Crude Oil; the break-even now is about $117.

That is quite significant given the current Brent price and the price history.

This chart plots the price of Brent and the percentage performance of the Russia stock ETF (RSX).

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