Rig for RED
Trust KANSAS
Russia has been working for the past 10 years to diversify their economy and get it less and less dependent on oil income. And they are wildly successful at it, helped along by sanctions which forced Russian industry to build locally to replace imports. This has even impacted agriculture and spawned a while sector of small producers of European style cheeses, wines, sausage, etc, etc.
Russia know how much the price of oil has been inflated since Putin took charge, and they are ready for a significantly lower world price to become permanent.