Press review: Syrian militants rebranding 'Aleppo Army' and impact of Italian referendumPress Review December 06, 13:00
Russian top diplomat says US revokes Aleppo proposalsRussian Politics & Diplomacy December 06, 12:51
Russia developing robot able to imitate any submarineMilitary & Defense December 06, 12:37
Kremlin regrets world's ‘modest’ response to attack on Russian hospital in AleppoRussian Politics & Diplomacy December 06, 12:30
Russian foreign minister says attack on Russian hospital in Aleppo was plannedRussian Politics & Diplomacy December 06, 12:28
Opposition activist Navalny fails to turn up for hearing on Kirovles caseRussian Politics & Diplomacy December 06, 11:53
Top diplomat: Council of Europe may serve as humanitarian basis for single European spaceRussian Politics & Diplomacy December 06, 11:39
French premier Manuel Valls resignsWorld December 06, 11:30
Investigators identify Ukrainians involved in shelling of Russia’s territory in 2014Russian Politics & Diplomacy December 06, 10:00
HONG KONG, January 18. /TASS/. The removal of sanctions against Iran has already made a negative impact on oil price, Russian Deputy Prime Minister Arkady Dvrokovich told reporters at a plenary session in the Asia Society center in Hong Kong.
"It has already made an impact," he said when answering the relevant question from TASS.
He declined to comment on the terms of the descending trend in oil price pointing that many factors should influence it.
On January 16, the UN, EU, US lifted economic and financial restrictions against Iran that were imposed due to the Iranian nuclear program. The removal of sanctions became possible after the International Atomic Energy Agency confirmed that the Islamic Republic had complied with the terns of the nuclear deal. Iran and the sixth of international mediators signed the plan on the Iranian nuclear program on July 14, 2015.
The removal of sanctions allows Iran to build up its oil exports. The country’s authorities have already voiced plans to increase supplies from 1 million barrels to 1.5 million barrels per day.
In early January, due to fears of excessive supply on the oil market, the oil price fell below $ 35 a barrel. At the beginning of the trading session on January 18 (the first session after the lifting of sanctions was announced) the price of Brent crude fell below $28 per barrel.
By the end of 2015, the price of Brent crude oil fell by 49.6%. Since the beginning of 2016 it has already managed to fall by 22.5%.
Since the beginning of 2016, the dollar grew by 5.6 ruble to 79.19 rubles, euro — by 5.89 rubles to 86.29 rubles.
The MICEX index over the same period lost 7.8% and the RTS fell by 14.4%.