Gref: Russian economy can bear decrease in oil price to $80 per barrel
Edited by Rhod Mackenzie / 2014-10-15 06:14:46
The Russian economy will be able to sustain a decrease in oil prices to $80 per barrel, th head of Sberbank, German Gref stated to reporters.
In September, the price of Urals oil on the world market fell to $90 per barrel. At the same time, the draft Russian budget for next year was formed on the basis of the target price in the amount of $100.
"It depends on level of the fall, if it is at the level between $80 and $90 per barrel, it will be difficult, but absolutely not fatal - nothing serious," – Gref believes.
