Denis Matsuev: That weird idea workedSociety & Culture September 25, 8:00
Merkel wins Bundestag electionsWorld September 25, 5:37
Russian senator believes German Social Democrats interested in boosting ties with MoscowRussian Politics & Diplomacy September 25, 2:42
Lavrov comments on US declaration on UN reformRussian Politics & Diplomacy September 24, 13:34
Lavrov believes US will not attack North KoreaRussian Politics & Diplomacy September 24, 13:32
US forces assist Syrian opposition in crossing IS positions — Defense MinistryRussian Politics & Diplomacy September 24, 12:55
Putin discusses Russia’s economy growth with ministersBusiness & Economy September 24, 2:38
Lavrov warns against partition of SyriaRussian Politics & Diplomacy September 23, 0:00
Lavrov calls to coordinate Russian, US military action in SyriaRussian Politics & Diplomacy September 22, 21:05
MOSCOW, December 06. /ITAR-TASS/. Russia’s Reserve Fund may be depleted in 2016 if oil prices fall, according to the Budget Strategy up to 2030 prepared by the Ministry of Finance.
The Reserve Fund is currently estimated at 2.885 trillion rubles, which makes up 4.3% of GDP.
The Finance Ministry has presented three scenarios for oil prices from 2016: a short-term decrease to $60 per barrel; a drop to $80 per barrel with a gradual recovery within two to three years; and a long-term decline to $80 per barrel.
“If oil prices fall, the obligations set forth in the strategy will be financed out of the Reserve Fund,” the document says, adding that in this case budget expenditures will have to be cut in 2017.