Wednesday 15 April 2015

Putin’s Mideast Gains Trump $27 Billion Loss From Iran Agreement - Bloomberg Business

Putin’s Mideast Gains Trump $27 Billion Loss From Iran Agreement - Bloomberg Business:



"As Russian President Vladimir Putin has shown in Crimea and eastern Ukraine, he’s willing to take an economic hit to expand his political influence.



He’s taking the same approach with Iran.



Lifting sanctions and allowing Iranian oil onto global markets would threaten to deepen the plunge in crude prices, curbing revenue from Russia’s biggest export. The cost: about $27 billion, based on estimates from the central bank in Moscow."



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