Study On The Impact Of International Oil Price Fluctuation On Russian Economy

In Russia’s economic development,the oil industry is one of Russia’s important pillar industries.More than 50% of the Russian government’s total revenue comes from the oil and gas industry.Therefore,the Russian economy and oil prices are inextricably linked.The share of oil and petroleum products exports in Russia’s national foreign exchange earnings is about 15%.The role of Russian oil companies in the source of budget revenues is growing.In the development of the world economy,changes in international oil prices have affected the development of the Russian economy.At this stage,due to the decline in international oil prices,the Russian economy has received a great impact,which has had a great impact on Russia’s domestic economic security and stability,as well as industrial structure.First,international oil price volatility has had a negative impact on the Russian economy,resulting in a reduction in the Russian government’s fiscal revenue /import and export trade volume,and a certain impact on inflation and exchange rates.In addition,the fluctuation of international oil prices has also brought certain economic impacts on Russia’s domestic economic development,which has led to the adjustment of domestic industrial structure,optimization of consumption structure,etc.In short,international oil price fluctuations have had a positive impact on the Russian economy.Has a negative impact.Secondly,the fluctuation of international oil prices has a great impact on Russia’s economic and economic development.It mainly receives the influence of Russia’s domestic oil endowment.The domestic foreign trade structure is dominated by oil exports.At the same time,the trade structure dominated by crude oil exports has a greater impact.It is also the main factor affecting the impact of international oil price fluctuations on the domestic economy.Secondly,it conducts an empirical analysis of the impact of international oil price fluctuations on Russia’s domestic economy,analyzes the impact of international oil price fluctuations on Russia’s GDP/financial budget/foreign trade and finance,and analyzes the fluctuation of international oil prices from Russia’s economic development.Impact.Analyze its main impact on the international economy,elaborate on finance,finance,economic structure and foreign trade,and mainly describe and analyze the results of empirical analysis,and quantify the impact of international oil prices on Russia’s domestic economy from empirical evidence.analysis.After analyzing the theoretical and empirical analysis of the impact ofinternational oil price fluctuations on the Russian economy,the paper proposes targeted policy recommendations based on the negative and positive impact of international oil price fluctuations on the Russian economy and the reasons for the impact of international oil price fluctuations on the Russian economy..