>>34976
>The Russian budget can be balanced even with the lower prices

There is a big hidden part of oil exports that ignored when bugdets are compared.

Oil producers are biggest economy players in Russia, even if their share in taxes aren't that big (near 30%). But these companies spend money to everything, because Russian economy is very centralized and monopolized. Very large share of economy live on indirect money from oil and gas exporters (manufacturing and service sector etc), so, if oil is cheap, everyone suffer. And prices go up because there are plenty of imports. And Russia doesn't export anything except raw materials and (sometimes) food, but economy isn't balanced to live without imports.

So, maybe state has the reserves to balance the budget with low prices, but state-owned companies aren't. Overall it would be much more serious, if you'd look at economy at all. Considering that Russia is in hidden recession from 2014 (and it wasn't good even before), and real income of population is falling for few years, this oil thing is serious.