Global Oil Price and Its Impact on the Russian Economy

The aim of this bachelor thesis is to determine oil price impact on the economy of the Russian Federation. The first chapter focuses on general information about oil and global oil price. Also it examines the history and the current situation of international oil trade and its dependency of the dynamics of global oil price. In the second chapter author describes Russian oil market and shows the significance of oil industry for the Russian economy. The last chapter analyses the impact of oil price on particular indicators of the Russian economy, i.e. on its efficiency, general price level and international trade. Conclusion includes a brief summary of global oil price dynamics and examined connections