Russian economic meltdown as oil runs out and Kremlin stops paying pensions

Russia's supply of cheap oil is running out, another major blow for Vladimir Putin as he continues to grapple with a growing economic crisis. Businesses and consumers across the country are reeling under the effects of spiralling inflation and high interest rates. In April, the Central Bank confirmed it would keep the key interest rate at 21% for the foreseeable future, much to the bitter disappointment of the Kremlin and business leaders. Many firms are fighting to stay afloat, as they attempt to pay back bank loans originally secured during more favourable economic times. -snip- Gazprom Neft CEO Alexander Dyukov...