MILAN, October 17 /TASS/. Russian President Vladimir Putin does not see “any tragedy” in rising oil prices.

“The prices will flatten out and get adjusted,” Putin told journalists in Milan on Friday .

“The Russian budget has been drafted in an amount of 96 dollars per barrel. For the moment, the price is below 96 dollars. But I do not see any tragedy in it. First of all, this is the current price. Besides, I believe that the price is going to flatten out and get adjusted,” Putin said.