Fluctuation in oil prices affecting stability in russia

 Russia economy is strongly affected by oil.   Any fluctuation in oil prices has strong effects on Russia. Revenues from energy exports make up half of the government's budget and a quarter of Russia's gross domestic product. Of energy revenues, 80 percent comes from oil, making its price the most important factor in the Russian government's financial stability. Currently, the government's 2015 budget counts on oil prices remaining above $100 per barrel, but the Russian Cabinet is holding discussions on revising this forecast to $80 to $90 per barrel. Additionally, budget scenarios based on $60 per barrel are being drawn up. All of these revisions would require the government to either make deep budget cuts or to run a budget deficit — something the Kremlin rarely does.