Russia’s financial crisis due to decreasing petroleum prices would be more serious than expected. Actually, economic sanctions imposed by the US and European countries including Japan made a big impact on Russia.
As Japan import almost all of petroleum
from overseas, it might be considered that the decreasing the prices are
advantageous. If you see the situations in a short time period, the answer
maybe yes because the price of gas at a gas station has been dramatically
changed from 2 weeks ago. However, it may cause losing balance of world power
politics among the US and other countries.
The US are very lucky after they found a
tremendous amount of shale gas. Therefore, the US does not have to be too much sensitive
on imposing stress on not only Russia but also on Iran and Venezuela.
As Japan and the US has made a strong
alliance, the effects would be also coming to Japan. At the very moment, the
government are discussing to legalize the collective defense force with the US.
I don’t believe this is the right moment to
proceed the matter in a hurry.
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