.....That’s salient point here: russia no longer relies on oil revenue; or at least not like it did in noughties. Then breakeven price was $115. Now it’s c$40.
— BenAris (@bneeditor) March 8, 2020
And there is an FX effect here so if RUB falls (it is already) breakeven price falls too. Plus Rus now has massive reserves https://t.co/qoyXgQy0x7