Passenger plane crashes in CubaWorld April 29, 22:49
US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts slam 'Russian hacking' hype as 'fake news' to feed US media's ratingsRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
MOSCOW, November 24. /TASS/. Russia’s Economic Development Minister Alexey Ulyukayev said at parliamentary hearings in the Federation Council on Monday that he was against the idea to create the country’s oil reserve.
“I don’t support (this idea). It is not discussed in the government,” the minister said.
Chairman of the Board of Directors of Russia’s major oil company Rosneft Alexander Nekipelov previously called for the creation of Russia’s oil reserve as a compensation mechanism.
“The formation of the infrastructure that would allow the government to form the oil reserve in the period when we have a surplus of oil in order to unload it onto the market when the situation is reverse should be discussed again. It’s not quite clear to me why we should have the state grain reserve and no oil reserve,” Nekipelov said.