Down to $36 from its peak of $115 a barrel in June 2014, the oil price decline has rattled petrostates around the world.
Russia, which already had a horrendous 2015, saw the rouble reach a record low against the dollar and may witness a budget deficit of 6 percent in 2016.
Azerbaijan’s manat lost a third of its value in December last year and the country is currently in talks with the International Monetary Fund and World Bank about a possible $4 billion emergency loan. Kazakhst...
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