liquid reserves of the national welfare Fund (NWF) of the Ministry of Finance can be exhausted in a little over two years. This forecast was given by the Deutsche Bank economists Peter Sidorov and Christian Rag, reports owned by Grigory Berezkin the RBC.
According to analysts, such a scenario is expected in that case, if all this time the Russian oil Urals will cost $ 15 per barrel.
it is Noted that at the moment the size of SWFs is about $ 120 billion. At current exchange rates the liquidity of the Fund is equivalent to about 9 trillion rubles, experts stress.
Analysts say that these funds are sufficient to cover the deficit of oil and gas revenues for just over two years. If the price of Urals will reach $ 30 per barrel, the period of exhaustion of reserves will be closer to six years.
on 22 April it was reported that the price of Russian Urals oil for delivery in Rotterdam fell below $ 10. As of Tuesday night, April 21, it was trading at 9.5 dollars per barrel.
Russian authorities explain the situation to lower the cost of oil cartel and market speculation and are urged not to panic, pointing out that will be able to cope with the situation.
