Peace talks on Syria begin in AstanaWorld January 23, 10:48
Syrian opposition: Russia can significantly influence parties to Syrian conflictWorld January 23, 9:57
Japan to continue talks with Russia on joint economic activity on Kuril IslandsWorld January 23, 8:58
Kazakhstan's Foreign Ministry: Format of Astana talks on Syria still under discussionWorld January 23, 8:18
ARAF to check information from new ARD film on doping in Russian sportSport January 22, 22:47
All countries observe oil output cuts agreement — Russian energy ministerBusiness & Economy January 22, 16:59
Rogozin calls "dangerous incident" UK botched missile launchRussian Politics & Diplomacy January 22, 16:32
Medvedev calls United Russia ruling party, president's main resourceRussian Politics & Diplomacy January 22, 16:27
Mutko calls silly information Infantino asks him not to run for RFU headSport January 22, 16:24
DAVOS, January 23 (Itar-Tass) — Current oil prices are optimal, Russian Prime Minister Dmitry Medvedev said.
“We do not want prices for raw materials to be too high because they will hamper the development of the world economy. Moreover, they will hamper the development of the Russian economy,” Medvedev said at the plenary session of the World Economic Forum in Davos on Wednesday, January 23.
“However when prices are too low, they lead to another extreme: a shortage of resources for sustainable economic growth. The current level of oil prices appears to be more or less close to the optimal one for both producers and consumers,” he said.
Medvedev noted that the Russian economy’s dependence on the export of raw materials is big “but it is exaggerated too much”.
This is why Russia is worried by the continuing stagnation and the banking crisis in Europe, debt problems in the United States and structural risks in China.
These issues will be in the focus of attention of the G-20 leaders during the year.