This is the position that other parts of the western media would LIKE Russia to be in.
Saudi
Arabia now BEGGING for billions in loans as oil crash leaves economy
in tatters
TROUBLED
Saudi Arabia is desperately seeking a loan worth BILLIONS of pounds
after the oil price crash has shaken its economy to the core
11
March, 2016
The
kingdom's record budget deficit is forcing the humbled Government to
embark on the first foreign significant borrowing in more than a
decade.
Lenders
have secretly been asked to give terms for a loan of between of up to
£5.6bn and with the option to increase it, according to sources
close to the matter.
Saudi
Arabia is the world's largest crude oil producer and low oil prices
have slashed the arab country's profits.
After
year's of the royal family living a life of unbelievable luxury and
citizens being cushioned with low taxes and bill subsidies, the
country is now being brought back down to earth with a bang.
At
the end of last year, the kingdom unveiled a £66bn deficit and
warned its people of raised taxes.
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