Kvyat to race at home F1 GP in Sochi with new helmet design depicting him riding torpedoSport April 27, 21:43
Maria Sharapova gets into quarterfinal of tournament in StuttgartSport April 27, 21:16
Russia, Japan to hold bilateral year of culture in 2018World April 27, 20:49
Angela Merkel’s visit to Moscow – pragmatism above all elseRussian Politics & Diplomacy April 27, 19:18
Japanese businessmen and officials to visit South Kuril Islands in summerWorld April 27, 18:46
Putin, Abe call for quickest restart of talks on Korean settlementRussian Politics & Diplomacy April 27, 18:32
Russian diplomat accuses White Helmets of supporting terrorismRussian Politics & Diplomacy April 27, 17:54
Putin's spokesman warns against attempts to hold unauthorized rallies in MoscowRussian Politics & Diplomacy April 27, 16:43
Russian Foreign Ministry says situation on Korean Peninsula is degradingRussian Politics & Diplomacy April 27, 16:42
MOSCOW, October 19. /TASS/. Russia’s Economic Development Ministry projects a gradual increase of the crude oil price to $64 per barrel by 2025, a source in the government’s financial and economic bloc told TASS with reference to the Ministry’s calculations.
"According to preliminary forecasts, from 2020 to 2025 the price of crude oil will be gradually rising from $59 per barrel in 2020 to $64 per barrel in 2025," he said.
Russia’s GDP growth is expected to range between 2.2% and 2.6% in the period, the source said. In 2020-2022 economic growth will amount to 2.4-2.6% and will slow to 2.2% to 2025, he added.
As TASS reported earlier with reference to reviewed macroeconomic forecast, the Economic Development Ministry’s base plus scenario implies that crude oil price will rise from $48 per barrel in 2017 to $52 in 2018 and $55 in 2019.