Lavrov: Russia calls to set up anti-drug unit in OSCERussian Politics & Diplomacy December 08, 17:18
Top diplomat calls on NATO countries to stop military build-up near Russia’s bordersRussian Politics & Diplomacy December 08, 17:17
Putin says state must react to violations of convicts’ rightsRussian Politics & Diplomacy December 08, 16:59
Russian diplomat: Relations between Moscow, Jerusalem at highest point everRussian Politics & Diplomacy December 08, 16:46
Russia’s Kamaz-Master team may suspend participation in Dakar RalliesSport December 08, 16:17
Novak says US will not participate in OPEC's meeting with independent oil exportersBusiness & Economy December 08, 16:17
Diplomat says West beginning to see no global war on terrorism could be won without RussiaRussian Politics & Diplomacy December 08, 16:12
Russian foreign minister calls for honest look at Europe’s migration crisisRussian Politics & Diplomacy December 08, 16:02
Putin awards Order of Courage to military doctors killed or injured in SyriaRussian Politics & Diplomacy December 08, 15:42
DAVOS, January 23 (Itar-Tass) — Current oil prices are optimal, Russian Prime Minister Dmitry Medvedev said.
“We do not want prices for raw materials to be too high because they will hamper the development of the world economy. Moreover, they will hamper the development of the Russian economy,” Medvedev said at the plenary session of the World Economic Forum in Davos on Wednesday, January 23.
“However when prices are too low, they lead to another extreme: a shortage of resources for sustainable economic growth. The current level of oil prices appears to be more or less close to the optimal one for both producers and consumers,” he said.
Medvedev noted that the Russian economy’s dependence on the export of raw materials is big “but it is exaggerated too much”.
This is why Russia is worried by the continuing stagnation and the banking crisis in Europe, debt problems in the United States and structural risks in China.
These issues will be in the focus of attention of the G-20 leaders during the year.