Edging closer to completing his Cabinet, President-elect Donald Trump announced his choice of Montana Rep. Ryan Zinke as Interior secretary Thursday, picking a man who should fit smoothly into an administration favoring more energy drilling and less regulation.
Russia is highly dependent on petroleum sales:
Russia is the world's largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas. Russia also produces significant amounts of coal. Russia's economy is highly dependent on its hydrocarbons, and oil and natural gas revenues account for more than 40% of the federal budget revenues.
Russia is a major producer and exporter of oil and natural gas. Russia's economic growth is driven by energy exports, given its high oil and natural gas production. Oil and natural gas revenues accounted for 43% of Russia's federal budget revenues in 2015.1
So increasing production here drives oil prices down injuring Russian budget. Helping Trump get elected is a great way for Putin to help himself!
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