RUSSIAN GEOPOLITICAL OBJECTIVES IN THE CURRENT OIL PRICE CRISIS AND THE IMPLICATIONS FOR CANADA

Sergey Sukhankin
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Sergey Sukhankin: University of Calgary

SPP Briefing Papers, 2020, vol. 13, issue 09

Abstract: The Russia-Saudi oil price war that devastated energy markets in March also illuminated the Kremlin’s thinking. It revealed Russia’s fears and just how far it’s prepared to go to prevent them from becoming reality, even at the cost of wrecking promising alliances. In 2016, Russia and Saudi Arabia agreed to cooperate in managing oil prices through the OPEC+ agreement. Their partnership deepened to the extent that the Kremlin excused some of Saudi Arabia’s recent dirty deeds, while the Saudis began making overtures to draw the Russians away from Iran in the Middle East.

Date: 2020
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