The Russian president will take part in November’s summit in Indonesia, but not necessarily in person, the Foreign Ministry says Russian President Vladimir Putin intends to participate in the upcoming summit of G20 leaders in Indonesia, but how he does so will depend on the Covid-19 pandemic situation, the Russian Foreign Ministry indicated on Wednesday.

Crude could nosedive if the global economic slowdown hurts demand, Citi analysts predict Crude oil could plunge to $65 per barrel this year and fall further to $45 by the end of 2023 if a global recession cripples demand, Citigroup warned on Tuesday.

The Russian currency continued to slump on Wednesday, falling to its lowest point since late May against the US dollar and the euro. The ruble was 4.5% weaker against the greenback at 63.90, after touching 64.95, its weakest point since May 30. It was down 3.5% versus the euro, slumping to a five-week low.