Transcripts for CNN CNNI Simulcast 20141218 08:48:00 : vimar

CNN CNNI Simulcast December 18, 2014 08:48:00

growth? the economy flatlined because of the u.s. and european-led sanctions but if you add a drop in oil prices even the central bank of russia is suggesting that growth could contract 4% to 5% next year and with the falling ruble, it means that import prices go up. this means the cost of food, for example, will go higher, as well and this, indeed will put pressure, political pressure on president putin if it continue, zain. >> yes, so russia clearly learning the hard way about, you know, the issues with overdependence on one resource, but i do want to ask you, though, was some type of effort by russia to cooperate with opec and other oil producing countries like saudi arabia, why did that not take place? especially given russia's economic situation, how desperately they need to cooperate with opec right now? >> reporter: yeah, in fact, russia has this break-even point, zain, of 95 to $100 a barrel to balance its budget.

Related Keywords

Economy , Sanctions , Terms , Ruble , Growth , Drop , Oil Prices , American , European , Central Bank Of Russia , 5 , 4 , President , Zain , Pressure , Import Prices , Example , Food , Cost , Yes , Russia , Countries , Soil , Place , Type , Issues , Effort , Saudi Arabia , Resource , Overdependence , Opec , One , Reporter , Situation , Fact , Point , Barrel , 95 , 100 , 00 ,

© 2025 Vimarsana