Trump’s Oil Gambit: Can OPEC Help Crush Russia’s Budget? 😂

It’s become clear how Trump will pressure Putin — by lowering oil prices through OPEC. This mechanism could indeed deal a heavy blow to Russia’s budget.

The share of oil and gas revenues in Russia’s federal budget for January–September 2024 reached 31.7%, compared to 28.3% for the same period last year. Oil accounts for about one-third of Russia’s federal budget.

The question is, will OPEC agree to participate in this?

The idea of using OPEC to pressure Russia is intriguing but questionable. OPEC is unlikely to take such measures, as it could harm other oil-exporting countries as well. Additionally, Russia has long adapted to sanctions and oil price fluctuations, so the impact might not be as significant as expected.

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