Saturday, February 13, 2016

“The price of $ 25 per barrel for the risk scenario, the Central Bank is realistic,” – Kommersant

Former Russian Finance Minister Alexei Kudrin said that the stress scenario of economic development, in which the oil price will be equal to $ 25 per barrel, is “quite realistic “. Previously, the possible revision of the risk scenario, said the first deputy chairman of the Central Bank Nekby. Mr. Kudrin admitted that the income from privatization could reach 1 trillion rubles. for two years, and also stated that the Russian economy needs “a more long-term and serious” reform.

Alexei Kudrin described as “quite realistic” stress scenario of economic development for 2016, at which the price of oil will be $ 25 per barrel. “It (the price for barrel.- ” b “) may also temporarily lower the income, but $ 25 a stress scenario is quite realistic,” – said Mr. Kudrin TASS

The fact that the Bank of Russia as early as next month may revise its risk scenario of economic development, which will be based on a price of oil of $ 25 per barrel in 2016, yesterday said the first deputy chairman Dmitry Tulin on the sidelines of the parliamentary hearings State Duma. According to him, in 2016 the base scenario would be from $ 35 per barrel instead of $ 50.

According to the expectations of the Central Bank, difficult times in the economy will end soon. “The difficulties are compounded by the deterioration in the economy of foreign economic and geopolitical conditions, and, apparently, in the long term,” – Predicts the first deputy chairman of the Central Bank. The regulator in this context does not intend to spend foreign exchange reserves to stabilize the ruble. “What is the economy – such is the course” – said Mr. Tulin

According to Mr. Kudrin, the Russian economy needs a long-term and serious reforms, which would allow it to get rid of oil dependence. He said that these reforms must enter into a development plan until 2030. “The current plan has more anti-crisis character. It does not cover all the needs for reform. They are much more long-term and serious, and unfortunately, we do not even have now a serious program, “- he said. Alexei Kudrin said that “it should be a completely different plan».

Recall turnaround plan of the White House for 2016 were discussed at the meetings of February 10 Russian President Vladimir Putin and Prime Minister Dmitry Medvedev. It is expected that the document will be reformatted again, but it will not change fundamentally new. February 18 revised turnaround plan to be submitted to the meeting of the government.

The former head of the Ministry of Finance believes that the privatization of large public companies shares can receive income in the amount of 1 trillion rubles. during two years. “This year, it is difficult to do, I think it can be done in just two years”, – said Mr. Kudrin


While not all eaten.

February 1, President Vladimir Putin at a meeting with the government outlined the conditions required for the large-scale privatization of state assets in 2016. They left little hope for great savings Reserve fund the replacement of their revenues from privatization deals: President of the conditions best suited to large Russian private owners, not too attractive for which the role of co-investors in the portfolio of large state-owned companies. Read more

Natalia Anisimova, Ksenia Shevchenko


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