Nadiya

[Svetlana]

The NCB & CHD hold an emergency meeting as oil prices decrease because of Vamaj, Evelina urges the government to focus on diversifying the economy: economic comes at a high price

Petrograd, Kozacchyna. Many thought that Nadiya's adhesion to the Vamaj network would be a net gain for the confederation as it allows it to gain a wider customer base for its oil and gas resources but those dreams couldn't be farther from the truth. The governor of the central bank, Evelina Maximovna, recently held an emergency meeting with the head of the Comission for Humane Development, Vladimir Igorievna concerning the recent decrease in oil prices after Nadiya's ascension to Vamaj, the two bankers locked themselves in their offices for nearly 13 hours as they brainstormed ways to handle the issue without undoing the years of hard work they spent in order to fix Nadiya's economy and the debt issue. Furthermore, due to nearly 80% of Nadiyan exports coming from oil and gas related fields, a continued streak of oil deflation would be catastrophic for the newly born confederation and its republics, notably the Council Republic of Vrosnok, whose main source of income is oil production. Taking into account these factors alongside the recent discontent with the confederation's policies, the two bankers urged the central government to intensify their diversification efforts even more and to invest more into the republics of Lesnov, Brakav, and Radin instead of focusing on Kozacchyna and Vrosnok with the central bank announcing the start of a cooperation agreement with the Radinese based Bank for Investment and Development for Nadiya and the Brakavan based Credit Standard to help support local investment projects through interest free loans. However, both Vladimir and Evelina didn't rule out the possibility of Nadiya pulling out Vamaj if the oil prices don't stabilize or start increasing, on top of the government not intervening to decrease oil production or start supporting diversification efforts even further.