Part 7/10:
While the current scenario for Russia appears bleak, experts believe it is not yet a grave disaster; should oil prices stabilize around $50 per barrel, Russia would face a manageable budget deficit of about 3-4% of its GDP. However, if the prices dip lower, as indicated by historical precedents during the 1997 Asian financial crisis, the damage could be catastrophic. A situation where oil prices plummet below even $10 per barrel would be disastrous for the Kremlin.