Hofmeister: If Russia Loses Market Share on Oil They’re in ‘Deeper Trouble’ than They’d Ever Admit

RUSH EXCERPT:

HOFMEISTER: "The Russian economy is entirely dependent on selling natural resources, particularly energy resources and if they lose market share they are in deeper trouble than they would ever admit. Keeping that economy going, during this period of low oil prices they have been hit hard even though they are not admitting it to the world outside."