Volkswacht Bodensee - Putin's War Will Go Bankrupt if the Oil Prices Drop

NYSE - LSE

CMSC	0%	22.95	$
CMSD	0.11%	23.565	$
NGG	0.06%	72.34	$
RIO	1.18%	60.81	$
SCU	0%	12.72	$
GSK	2.42%	37.661	$
SCS	0.5%	16.07	$
JRI	0.48%	13.404	$
BCC	0.92%	83.69	$
RYCEF	-0.21%	14.45	$
BTI	0.28%	56.56	$
RBGPF	1.42%	76	$
BP	0.95%	34.205	$
AZN	0.96%	74.31	$
BCE	1.71%	23.655	$
VOD	-0.78%	11.212	$
RELX	0.97%	49.29	$

Putin's War Will Go Bankrupt if the Oil Prices Drop

The oil prices can suddenly drop if Saudi Arabia decides to boost production and flood the market with cheap oil. That's catastrophic for the Russian budget and for the war budget in particular. Putin will basically "go bankrupt" for financing the war against Ukraine and the West if the oil prices fall low enough.

But there's a bigger player to that, too. China is a major world player and it is getting Russia more and more dependent on its political will.

EU: Prison for "paedophilia manuals" and child abuse forgeries

EU: 90% cut of all greenhouse gas emissions by 2040?

How is climate change spreading disease?

Business: Is it important to speak multiple languages?

Trump's return could leave Europe 'on its own'

NASA and Lockheed partner present X-59 Quesst

China: Gigantic LED in a shopping centre

Did you know everything about panda bears?

Ukraine has a future as a glorious heroic state!

To learn: Chinese school bought an Airbus A320

Countries across Europe are tightening security measures

Five elections in 2024 that will shape Europe!

Featured

EU: Low interest rates and food challenges

The European Central Bank's "historic" interest rate cut and the European Union's food challenges - both in agricultural production and food waste - are this week's top topics.

Green Oasis Istanbul: Beautiful Gardens, Forests, and Islands

İstanbul is synonymous with history and cultural landmarks, but it also has colourful gardens and forests to enjoy a spot of nature in the city.

EU Project: Cleaning rivers, lakes and seas

Europe's waters have been becoming more polluted over decades, mainly due to mismanagment of agriculture, industry and sewage treatment. In this Crash Course we dig into the alarming statistics and explore what the EU is doing about it.