Russian Economy News: Medvedev instructed the Finance Ministry to lay in the draft budget on oil price of around $ 40

Wednesday, June 15, 2016

Medvedev instructed the Finance Ministry to lay in the draft budget on oil price of around $ 40 – RIA Novosti

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13:53 15.06.2016

(updated: 14:59 15.06.2016 )

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SLIDES, June 15 -. RIA Novosti Prime Minister Dmitry Medvedev instructed the Finance Ministry to put in the federal budget project a conservative price of oil at around $ 40 a barrel

“In the future, I proceed from the need to lay a conservative forecast for the price. That’s right, if only because if the price still will be higher, we can always pereverstat, additional possibilities of the budget used for other purposes. And so, we have to find some kind of averaged conservative value – about 40 or 40 dollars per barrel, it is quite adequate assessment today, “- said Medvedev at a meeting of the main approaches to the formation of the budget for 2017 and the planning period of 2018-2019.

during the meeting, Medvedev said that the adverse factors in recent times less did not, and some improvement in the situation on the oil markets should not deceive the Russian government. He said that the oil price is now about $ 50 per barrel, and last year, he said, the situation was similar. When, after the first quarter of 2015 it rose to $ 60 a barrel, and then went down to low rates.

“this year we started with more low position, there is oil, you remember, fell to 25 to 30 dollars per barrel. Now it has reached $ 50, but it is unclear how sustainable is this trend “, – he underlined

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