Putin Stands Defiant Despite Falling Oil Prices

Friday, October 17, 2014

By Hitesh Hathi

There are reports of progress today at Europe-brokered talks between Ukraine and Russia on a key issue: the supply of Russian gas to Ukraine during the winter.

The talks coincide with sharply falling oil prices. The price of Brent crude, which serves as a benchmark, has fallen about 25 percent since June, from about $115 a barrel to about $86 today.


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