MOSCOW, January 29. /TASS/. Russia’s confirmed macroeconomic forecast for 2015 is based on $50 a barrel oil price, Russian Economic Development Minister Alexey Ulyukayev said on Thursday.

"The macroeconomic forecast for 2015 is based on $50 a barrel oil price," Ulyukaev said, adding that the ministry has reviewed its forecasts for this year, as well as for 2016 and 2017.

The minister also said that though $50 a barrel oil forecast might seem too conservative, a consensus of investment banks and analysts opinions forecast an average of $60 a barrel.