Oil drop

putin ukraine gas

The collapse in oil prices wreaked havoc on Russia's economy.

Around half of Russia's government revenue comes from oil and gas exports. When oil plunged from over $100 per barrel to half that in the second half of 2014, Russia saw billions wiped off its budget.

First published April 16, 2015: 12:07 PM ET
Source: Text by Ivana Kottasova, images by Sofia Ordonez, Kacy Belew and Dominic V. Aratari

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