Mar.09 — Bob McNally, president of Rapidan Energy Group, talks about the plunge in oil following the breakdown of talks between OPEC and Russia on how to manage the world’s supply. He speaks with Manus Cranny on “Bloomberg Daybreak: Europe.”
In This Story: Russia
Russia spans more than one-eighth of the Earth’s inhabited land area, stretching eleven time zones, and bordering 16 sovereign nations. Moscow is the country’s capital.
The Soviet Union was dissolved in 1991 and since 1993 Russia been governed as a federal semi-presidential republic. Russia is a major great power, with the world’s second-most powerful military, and the fourth-highest military expenditure. As a recognised nuclear-weapon state, the country possesses the world’s largest stockpile of nuclear weapons.