Claims that $80 oil would lead to an economic crisis in Russia and an end to the presidency of Vladimir Putin are not true, Chris Weafer, a senior partner with consultancy Macro-Advisory in Moscow, wrote in an e-mailed note to investors on 14 February.

“One of the frequently heard criticisms about Russia is that the economy and socio-political stability are completely dependent on the price of oil,” Weafer wrote. “In recent weeks, in the run up to the Olympics, there have been several article...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now