The IEG called for oil prices in the $ 40-60 a “new normal” – the Russian newspaper

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In the next five years the price of oil and if the change, it is insignificant. According to Deputy Economic Development Minister Alexei Vedev, Office of Alexei Ulyukayev predicted corridor world quotations of “black gold” from 40 to 60 dollars in the next 5 years.

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“We proceed from the fact that the corridor of $ 40-60 per barrel – a new reality, a new normality for the next five years”, – the official said. He noted that with such price expectations Russia will have zero growth in GDP in 2016, and the positive dynamics of GDP growth is expected in the second half of this year. “Plus or minus 0 percent we regard this year, yesterday voiced digit minus 0.2 per cent, but it is within statpogreshnosti”, – said Alexey Vedev

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He noted that the move to economic growth in Russia is calculated in the second half of 2016, “if there is no additional shocks.” “In this case we have a conservative scenario – $ 25 per barrel”, – assured the deputy minister, adding that in this case the beginning of economic growth be postponed for six months

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