The Political and Economic Results of August 2015

In August 2015, oil prices continued to slide, and the RF Ministry of Economic Development cut Russia's economic outlook for 2015. JSC Russian Railways head Vladimir Yakunin handed in his resignation; best seen in conjunction with recent developments in Russia's big state-owned companies, this event indicated that the RF government had embarked upon a course of cutting the expenditures of such companies. The RF Ministry of Agriculture announced a number of rather alarming restrictive initiatives (fortunately left dormant at least for the time being)