Sunday, January 25, 2015

The Russian government has laid a turnaround plan current oil prices – News project INFOX.ru

The Russian government has laid a turnaround plan current oil prices – News project INFOX.ru

First Deputy Prime Minister Igor Shuvalov

Source: RIA Novosti

First Deputy Prime Minister Igor Shuvalov



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The Russian authorities lay in the anti-crisis plan Government current oil prices. This statement was made by First Deputy Prime Minister Igor Shuvalov.

«Of course, we take into account the new price of oil. And now we have nothing
 fantasizing, consider the plan based on the price of oil, which exists
 on the market "- Shuvalov said in an interview with the program" Vesti on Saturday ».

On the eve of Shuvalov, speaking at a session of the Economic Forum in Davos, not
 rule out the possibility that the oil price could fall below $ 47 per barrel.

Earlier on Wednesday, Shuvalov said that the implementation of anti-crisis plan
 need 1.375 trillion rubles. Cabinet finalize it by source
 financing, to submit to the President on Tuesday.

For example, to support agriculture it is planned to allocate up to $ 50 billion
 rubles, industrial power - up to 20 billion rubles, the Ministry of Health for the purchase of
 medicines - 16 billion, and for additional capitalization of banks with state participation will
 allocated 250 billion rubles.

Deputy Prime Minister noted that as a whole Putin has approved the plan, according to
 RIA Novosti.

Recall from the beginning of the summer 2014 oil quotations fell by more than
 50%. OPEC's decision of 27 November to maintain quota for oil production at the level of
 30 million barrels per day increased the price collapse.

However, despite the continued decline in oil prices - already below 50
 dollars per barrel, many OPEC countries disclaims any intention on
 reduce production.

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