Russia Can Withstand Lower Oil, but Not for Long

The video discusses Russia's economic resilience to low oil prices and the potential need for government action, such as cutting spending or raising taxes. It highlights the political challenges faced by Vladimir Putin, including the need to maintain public support amid declining living standards. The discussion also covers the geopolitical implications of sanctions on Russia and the potential for improved relations with Europe if Russia acknowledges Ukraine's sovereignty.

What impact do sanctions have on the European economy according to the text?

What conditions might lead to a better economic environment in Europe?