Wall Street Journal | Russian Economy Stumbles as Stocks and Oil Prices Fall New York Times With roughly half of Russia's budget derived from taxes on oil and natural gas, a sustained drop in oil prices to the levels Mr. Kudrin mentioned would compel tax increases or a budget reduction known as a sequester, forcing salary cuts for teachers ... The Ruble's Fall Is Just What Russia Needs To Deal With Oil Price Collapse Oil Glut Pushes Russia's Ruble to New Low Ruble Tumbles to Record as Oil Slump Hinders Russia's Recovery |