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Russia does not expect oil price drop — Deputy PM

It is difficult to forecast now because various restrictions and sanctions are implemented, Alexander Novak explained

MOSCOW, April 7. /TASS/. Russia has not yet seen preconditions for the oil price drop from the current level above $100 per barrel, Deputy Prime Minister Alexander Novak told reporters on Thursday.

"It is difficult to forecast now because various restrictions and sanctions are implemented; there are plenty of uncertainties. Certainly, all these factors press for the price increase. That is why I do not see any factors now that, on the contrary, will influence on the price decline," Novak said.

The current oil price reflects the actual global market situation but uncertainties are still in place, related to changes in logistical chains and sanction limitations, the official said earlier today during a Rossiya-24 TV broadcast.

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Alexander Novak

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