Three young men detained in Moscow for throwing flares at US ambassador’s residenceWorld October 25, 22:02
Kremlin gives no comment on alleged US carte blanche to Russia for Aleppo operationRussian Politics & Diplomacy October 25, 21:44
German ARD TV channel to go any length to win case against Russian athlete — lawyerSport October 25, 21:24
Russian, German top diplomats discuss humanitarian situation in Aleppo — ministryRussian Politics & Diplomacy October 25, 20:09
Russia moves up to 40th place in Doing Business-2017 rating — World BankBusiness & Economy October 25, 20:04
Russia hopes to receive roadmap from IPC on Paralympic membership soonSport October 25, 20:03
Lukoil warns about fake "namesake" company in UKBusiness & Economy October 25, 19:39
Russia keeps urging West to set up wide coalition against terrorismRussian Politics & Diplomacy October 25, 19:37
The farthest shore: peaceful images of Russia's Primorsky KraiSociety & Culture October 25, 19:17
MOSCOW, June 16. /TASS/. Oil prices will stabilize in the range of $40-60 per barrel in two years, Russia’s Former Finance Minister and head of the Center for Strategic Development Alexei Kudrin told TASS at the St. Petersburg International Economic Forum.
"My previous forecast remains. In three years - and one year has largely passed - the oil price will be very volatile. We are on the stage when oil supply is adjusting to new demand, new growth in the world, considering new technologies and renewable sources. A new correlation should emerge. It has not emerged yet. It needs two years for it. During this period the prices may grow up to $60 and fall down to $30. Such volatility is not ruled out," Kudrin said.
The current budget was drafted considering the oil price of $50 per barrel.
Earlier, the Finance Ministry announced plans to make amendments to the current budget based on an oil price of $40 per barrel.
The approved federal budget for 2016 assumes the deficit within the 3% of GDP with spending at about 16 trillion rubles ($244 bln), revenues at 13.7 trillion rubles ($209 bln).