Russia's economy hit hard by low oil prices, GDP growth impacted.
The study looked at how changes in oil prices affect Russia's economy. They focused on how GDP growth and inflation rates were impacted during both high and low oil price periods. The results showed that when oil prices are low, Russia's GDP growth rate is more affected compared to when prices are high. However, the impact on inflation rates is less severe during low oil price periods. This was determined by analyzing how oil price fluctuations affect both the supply and demand sides of Russia's economy.