trending Market Intelligence /marketintelligence/en/news-insights/trending/-m8LVX58man83dkMbAZchg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

S&P: Russia's sensitivity to oil prices has diminished since 2016

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Digital Banking Battles Will Play Out In Southeast Asias Shopping Cart

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

S&P: Russia's sensitivity to oil prices has diminished since 2016

Russia's economic and financial conditions have become less sensitive to oil price fluctuations over the last couple of years, due to government policies and international sanctions, though the economy remains dependent on the commodity.

In a March 14 report, S&P Global Ratings highlighted increasing oil prices and a weakening exchange rate during most of 2018 in what seemed to be an unusual combination.

Non-energy exports have increased recently, though it will take time for them to drive Russia's exports.

The government now targets a primary budget deficit of 0.5% of GDP, based on a "very conservative" oil price, delinking fiscal spending from windfall oil revenues, according to the report.

The country's new fiscal framework aims to decouple domestic economic and financial conditions from oil price movements.

International sanctions, high interest rates in Russia and prospects for a decline in Russian bond yields have made the country's financial flows "less procyclical" over the past few years, Ratings said.

"If accompanied by structural reform, the weaker transmission of oil price volatility to Russia's economy could gradually facilitate economic diversification and sustainably boost economic growth," according to the report.