Russia, US should start with minor steps to restore ties — US expertWorld February 20, 8:38
Vitaly Saveliev: Aeroflot out in the openBusiness & Economy February 20, 8:00
Ambassador says Qatar interested in joining Astana talks on SyriaRussian Politics & Diplomacy February 20, 7:30
Russia’s Dmitriev takes gold in sprint at 2017 UCI Track Cycling World Cup in ColombiaSport February 20, 3:40
Lenin Moreno leads after 1st round of presidential election in Ecuador — exit pollsWorld February 20, 2:31
Emelianenko-Mitrione bout postponed due to American’s illnessSport February 19, 4:06
OSCE unable to identify perpetrators of cyber attacks against it — secretary generalWorld February 19, 4:02
Russian biathletes win gold in relay at 2017 IBU World Championships in AustriaSport February 18, 18:30
Putin signs decree on recognition of documents given to Donbass peopleRussian Politics & Diplomacy February 18, 17:26
MOSCOW, June 9 (Itar-Tass) — Russia’s energy agency expects no major fluctuations in oil prices in the middle-term perspective. The oil price will vary around 100 U.S. dollars per barrel, the agency’s head, Leonid Grigoryev, told a briefing on Saturday.
According to the expert, OPEC countries seem to be comfortable in the current price situation. There are enough forces across the globe that are not interested in lower oil prices, he noted.
If the oil price drops below 80 U.S. dollars per barrel, the implementation of President Vladimir Putin’s election pledges seems to be problematic, it not impossible, Grigoryev said. In his words, even proceeds from the sale of state-owned companies will hardly be enough to cover budget losses from lower oil prices.
According to Dmitry Miroshnichenko, a research fellow with the Development Centre of the Higher School of Economics, when the oil price is 100 U.S. dollars per barrel, the rouble exchange rate against the U.S. dollar (1:32) is rather objective, which is beneficial for Russia’s modernization program.
If the situation in Europe worsens over the Greek problems, Russia’s private banks will be the first to be affected by the lack of liquidity. “Now banks have got used to live in conditions of cash inflow and in new conditions they might be stripped of bonds,” Grigoryev said. At the same time, he voiced optimism that the experience of the 2008 recession will help evade serious aftermaths.
Experts arrived at a conclusion that there are no grounds to expect serious crisis phenomena in Russia.