Saudi Arabia threatens to destabilize Russian economy

"Saudi Arabia could plunge the Russian economy into crisis by flooding the oil market and sending oil prices crashing. According to Business Insider, the kingdom has suggested that crude prices could fall to as low as $50 a barrel.

This would hurt Russia, which relies heavily on oil revenues to fund its war in Ukraine. Russia already sells its oil at discounted prices and faces high production costs, making it vulnerable to a low-price environment." MS