Russia is preparing for $40 oil for a long time

Fourty Dollar Oil ? The Russian economy is slowly recovering from its oil and sanctions-induced coma, but reforms to encourage long-term economic growth are still not a priority; that’s according to a new research report from Morgan Stanley. Some Morgan Stanley analysts and economists recently visited Russia to try and get some idea of where the country is heading financially over the next few years. Analysts visited the CBR, Ministry of Finance and Ministry of Economy, as well as the IMF and a broad range of market experts. Discussions were centred on the growth outlook, the upcoming 2017-19 budget plan,…