PUBLICATIONS - SPP Briefing Paper - RUSSIAN GEOPOLITICAL OBJECTIVES IN THE CURRENT OIL PRICE CRISIS

Their partnership deepened to the extent that the Kremlin excused some of Saudi Arabia’s recent dirty deeds, while the Saudis began making overtures to draw the Russians away from Iran in the Middle East. [...] Thus, Russia believes the oil price collapse is cyclical and temporary, that the country’s Stabilization Fund will allow it to weather the storm and that it has the stronger negotiating position. [...] The arrangements agreed to at this meeting made the Kingdom the main supplier of oil to the U. [...] This reflects attempts to get the Russian population to blame outside parties and not Moscow for the drop in living standards.  Similarly, the Russian economy – which has survived a number of crises since 1998 – is seemingly better prepared for the current havoc in the global oil market. [...] “Addressing the Threat of COVID-19 and the Oil Price War in the Petroleum Sector.” The School of Public Policy, University of Calgary.