454896-russiaKeeping Russia’s economy afloat proves to be challenging for as Russian authorities may soon ask President Vladimir Putin to reduce military spending. With Russia’s current expense on strengthening its military, officials fear that the government will have no choice but to raise taxes, raise the pension age or print new money to prevent further economic collapse. According to Reuters, Russian authorities believe that the country can still make it through 2015 if the price of crude oil, Russia’s main export driver, will remain near current levels. However, economists think that even at the current price of $60 per barrel, the oil price is only a little more than half of what Moscow needs to balance the budget. The Kremlin is quickly losing money. More