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Home Posts Tagged "Russia" (Page 3)

Russia


German Chancellor Angela Merkel turned down Russian President Vladimir Putin’s invitation to attend the huge military parade planned for the 70th anniversary of the Allied victory over Germany. Instead, she will travel to Moscow one day later to take part in a ceremony at the Tomb of the Unknown Soldier – an unexpected hopeful sign.


Since July 2014 the price of oil has been falling, and a new OPEC strategy pushed through by Saudi oil minister Ali Al-Naimi makes a reversal unlikely in the near future. OPEC felt obliged to defend its market share against US fracking firms and other “marginal producers.” The pain felt in Moscow, Tehran, and Caracas is an unintended – if not unwelcome – byproduct.