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Be excellent to each other and party on. Other than that first and foremost, we ask nothing more than treating each other with respek. Because repek is important. Content doesn't have to be strictly Russia. Post-Soviet regions are fine, or something you'd expect slavs to do. Posts should recognize quirks of daily life in this region, not demean or promote hateful stereotypes. There are many places where we can discuss the politics of Russia, but this is not one of them. Fall Of Russia

The Russia—Saudi Arabia oil price war of is an economic war triggered in March by Saudi Arabia in response to Russia 's refusal to reduce oil production in order to keep prices for oil at moderate level.

This economic conflict resulted in a sheer drop of oil price over the spring of In early April and again in JuneSaudi Arabia and Russia have agreed to oil production cuts. Oil production can be slowed, but not stopped completely, and even the lowest possible production level resulted in greater supply than demand; those holding oil futures became willing to pay to offload contracts for oil they expected to be unable to store. Beginning inU. As Fall Of Russia result of the COVID pandemicfactory output and transportation demand fell, bringing overall demand for oil down as well, and causing oil prices to fall.

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At the summit, OPEC agreed to cut oil production by an additional 1. Earlier in Februarythe Trump administration had put sanctions on Russia's largest oil company Rosneft. It is confirmed that both Russian and Saudi officials deny the existence of a price war against each other or any other country. Russian Presidential Press Secretary Dmitry Peskov said that new planned contracts can be implemented immediately if necessary.

Pavel Sorokin from the Russian Ministry of Energy doubted that the cuts would work with stating click quotes: "We cannot fight a falling demand situation when there is no clarity about where the bottom is. On 9 Marchstock markets worldwide reported major losses thanks in part to a combination of price war and fears over the coronavirus pandemic.

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Oil prices remained depressed for the rest of March. On 2 April, U.

President Donald Trumpafter significant internal pressure, called Saudi Arabian crown prince Falp de facto ruler Mohammed bin Salmanthreatening to withdraw U. In response to Putin's statement, oil prices jumped. IEA's director, Fatih Birolstated that 50 million jobs related to oil refining and retail was at risk globally.]