Actually the current price per barrel is almost half of what Venezuela needed to remain competitive, because even though they have enormous reserves, they are hard to extract. Since their primary export (and thus the commodity that makes up the majority of forex to/from Bolivares) is crude oil, the only possible response to this was massive inflation.

Russian economy is stagnating, but there is certainly no crisis atm. The government has also accumulated a pretty large money stash over the last decade, like 3-4 yearly budgets. So I guess we're more or less safe for the next few years.

I don't know how accurate this is or if the research is actually from Morgan Stanley. Russia is not in a crisis...

https://www.zerohedge.com/news/2018-08-30/which-emerging-mar...

What's happening in Turkey? I've only really heard about the political shenanigans going on in the last couple years