If something could bond Russia and Braziltogether in the same framework, you can see 31st Olympic Game whichwould be hosed in Rio De Janeiro Brazil which has been tanking in the deeprecession whereas last crisis dated back to 1930s. Per another side, Russiadraw attention per the report exposure by WADA confirming that Russian athletesdoping rigged by government sport agency happened in 2014 Sochi Winter Olympic,IOC president said that their committee would not hesitate to take “toughest sanctionsavailable” to defend Olympic reputation and that maybe lead to halting Russian athletes’step to complete game in Rio when August 5 to 21.
Actually emerging news about this summerseason Olympic was standing in the negative territory such as basic constructionnon-completing, health condition’s low level in the Olympic village, exasperatingsecurity environment, and virus Zaka threatening which could cause new bornbaby’s small head. Raised doubts push people to ask question “Will this Olympicwould be worst one in the history?” Theanswer is for sure.
The Russia’s doping shadowed on the approachinggame which is first opening ceremony without sitting president in the history whohas been under impeachment trial conducted by congress who accused Dilma Rousseffof breaking budget law. Reviewing this female suspended Brazil President peopleblamed her taking Brazil to the deep recession which triggered by oil pricesharp plunge.
As the commodity-driven economy country,Brazil countered continued downturn caused by the oil soy and coffee pricefallen off the cliff in the year 2015, accompanying by the political instabilityand ongoing investigation into bribery scandal of Petrobras which is biggestoil company run by government. Based on the data of IMF Brazil has shrank 3.8%in 2015 compared the previous year and will shrink 3.5% in the year 2016considering the gloomy overlook of global. Although the revenue of governmentslipped which is heavily weighted on the commodity export, the Brazil stilloffered loan to Rio de Janeiro where hosted the game, however the citygovernment decided to pay the police first who are charge of security. They can’town security guy any more.
The same as Brazil, Russia suffered therecession from oil and gas price dropping. The oil surplus which supply overdemand was actually manipulated by OPEC countries lead by Saudi Arab who wantto keep market share and phase out country where operating with high cost. Butthanks to shale gas innovation in America who successfully manage operationunder low price although profit has been narrowed to nothing. As top 3 oilproducing countries in the world, America, Saudi Arab and Russia put a lot weighton the decision whether to cap output to maintain price. Actually the agreementwas not achieved inside and outside OPEC because negotiation environment gettingworse after sanction to Iran being lifted which want to drive full force tore-come to international stage. And inside OPEC was splitting to two groups oneof which urged to cap output to lift price involving Venezuela, Nigeria andanother which decide to stand on the current producing embroiling Saudi Arab,UAE which could survive in the market under low operation cost and enough oil moneyreserve.
There is no strong trade partnershipbetween Brazil and Russia(Russia will not buy lots of iron ore from Brazil, of courseBrazil will not buy much Vodka from Russia). The occasion that these 2 countrieswould meet with each other by ties of Olympic would come true? Maybe not.