16.04.2015 - Russia: Still too dependent on Commodities
The unimaginable has happened: Oil prices have dropped to less than $50 a barrel in recent trading days. Of all the oil-producing countries in the world, it seems like Russia took the biggest hit, with its economy largely reliant on the world's most vital commodities—metals, energy, and agriculture. Russia is regarded as one of the world's leading producers of minerals. In fact, the country ranks first in the production of chromium, nickel, and palladium. Russia's Norilsk Nickel remains to be the top nickel and palladium mining smelting company in the world, as well as one of the top ten copper producers...............................................Full Article: Source
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