Ukraine names conditions for Minsk accords' political part implementationWorld May 24, 20:44
Blaze-stricken Siberian areas expecting downpours that may quash firesSociety & Culture May 24, 19:45
Contact Group on Ukraine proposes more areas of disengagementWorld May 24, 19:39
Russian Emergencies Ministry says over 70 homes burn down in SiberiaSociety & Culture May 24, 18:49
International Chekhov Theater festival opens its doors for 13th time in MoscowSociety & Culture May 24, 18:44
Putin decorates commandoes for two-day face-to-face clash with militants in SyriaRussian Politics & Diplomacy May 24, 18:31
Experts say rising military spending to push Europe to reconsider NATO’s roleRussian Politics & Diplomacy May 24, 17:56
Poll shows 25% of Russians expect headway in ties with France during Macron’s presidencySociety & Culture May 24, 17:33
Former Finnish PM points to signs of improvement in Russia-West relationsWorld May 24, 17:20
MOSCOW, June 15. /TASS/. Russia’s Central Bank has upgraded its forecast on trade balance surplus forecast for 2015 from $141 bln to $187 bln, the regulator said in its monetary policy report on Monday.
The previous forecast by the Central Bank implied average Urals crude oil price at $50-55 per barrel in 2015 while the new forecast is based on average annual oil price at $60 per barrel in 2015.
The regulator also changed its forecast on trade balance surplus for 2016-2018. It provided two forecast scenarios depending on price of oil.
The first scenario implies oil price at $66 per barrel in 2016, the second one - at $60 per barrel. In first case the Bank of Russia forecasts external trade surplus at $104 bln, in second case - at $101 bln. In its previous forecast the regulator estimated external trade surplus at $90 bln at $60-65 per barrel oil price.
In 2017, depending on scenario /$74 per barrel and $60 per barrel oil price/ the Central Bank forecasts trade balance surplus at $117 bln and $81 bln respectively. Earlier at average annual oil price of $70-75 per barrel the regulator forecasted surplus at $119 bln.
According to the Central Bank, external trade surplus will total $121 bln in 2018 at $80 per barrel oil price, or $72 bln at $60 per barrel oil price.