The Russian Federation’s economy is still far from a crisis, but if oil prices fall significantly, it will begin.

This opinion was expressed by the Vice President of the Kyiv School of Economics, Elina Rybakova, who added that the Russian economy is overheated, but it is difficult to achieve a crisis if the West does not block Russian oil exports. Yes, if oil prices drop to $40 tomorrow, a crisis will begin for the aggressor state.

“But oil prices are not yet planned to fall like that, so there are resources to continue the war. At this oil price, Moscow will have at least a few years without a crisis,” she added.

Rybakova said that the most painful sanctions for the Russian Federation are now restrictions against its tanker fleet. Before the war, about 80% of Russian oil that went by sea was transported by Western vessels, and now more than 70% is accounted for by the so-called shadow tanker fleet. If sanctions are introduced against these Russian ships, they will not be available for use, and it will be impossible to sell them.