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Russia slashes spending over low oil price

2016-01-14 11 Dailymotion

<p>Russia has become the latest country forced to tighten its belt over the falling price of oil. Budgets may be cut by 10% in some areas, after the international benchmark for oil fell below $30 a barrel on Wednesday. Also today: a sales boom for one Los Angeles clothing brand thanks to the Mexican drug lord "El Chapo".</p><br /><br />Visit our website:<br />http://www.france24.com<br /><br />Like us on Facebook:<br />https://www.facebook.com/FRANCE24.English<br /><br />Follow us on Twitter:<br />https://twitter.com/France24_en

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