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According to Bloomberg Moscow on September 21, Russian oil and gas companies are experiencing the best times while enjoying record production and the highest oil prices
in local currency.
This month, an index of the companies hit an all-time high in rubles, reaching its highest level in dollar terms since June 2014
.
Russia's crude producers are profiting sharply as the ruble depreciates as the dollar-denominated rebound in oil prices has helped the industry achieve record-breaking revenues and reduce debt
.
But problems are about to erupt
.
The United States is likely to ratchet up sanctions against Russia over chemical weapons attacks in Britain this year or allegations of ongoing election interference
.
12Next View full article
According to Bloomberg Moscow on September 21, Russian oil and gas companies are experiencing the best times while enjoying record production and the highest oil prices
in local currency.
This month, an index of the companies hit an all-time high in rubles, reaching its highest level in dollar terms since June 2014
.
Russia's crude producers are profiting sharply as the ruble depreciates as the dollar-denominated rebound in oil prices has helped the industry achieve record-breaking revenues and reduce debt
.
But problems are about to erupt
.
The United States is likely to ratchet up sanctions against Russia over chemical weapons attacks in Britain this year or allegations of ongoing election interference
.
12Next View full article
12Next View full article