Russia will sink into recession at a Urals price of $80 a barrel, seven years after its economy grew 8.5 percent when its chief export oil blend averaged near $70, according to a Bloomberg survey of analysts.
Bloomberg: Russian recession risk seen at record as oil saps economy
Russian Prime Minister Dmitry Medvedev (L) accompanied by Dmitry Pumpyansky, head of TMK, Russia's largest maker of steel pipes for the oil and gas industry, visits the Seversky Tube Works in the town of Polevskoy, outside Yekaterinburg, Urals, on Oct. 24, 2014.
