Business

Oil market

Russia prepares to pay US $60 per 1 barrel of oil

2019

The Central Bank, Ministry of Economic Development and Ministry of Finance of Russia intend to assess risks of the occurrence of the stress scenario for the country’s economy envisaging the decline of the prices of oil to US $60 per 1 barrel (Urals) in 2015, and take the response measures, said the source of the financial and economic bloc.

The decision to create a working group on this issue was made after the meeting of the National Council for Financial Stability held by Finance Minister of Russia Anton Siluanov in the end of September, according to the source.

The preliminary results of work of the group will be announced at the next meeting of the the National Council for Financial Stability planned for the beginning of December, informed the source.

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