the Kremlin has recognized that long-term planning in the economy is now impossible. “All the calculations and projections for 2 years, you can assume with great tolerance” – as the press-Secretary of President Dmitry Peskov commented on the calculations of Deutsche Bank that the cost of oil $15 a barrel NWF may end in two years.
Peskov stressed that predictions today is very difficult, and this explains the diametrical viewpoints of the various agencies and economists.
“the Calculations are in and our departments, they are known to the Kremlin, and they too vary. Now it is impossible long-term planning”, – said Peskov.
Deutsche Bank has released a survey, which warned of the rapid exhaustion of the Russian national wealth Fund, if oil prices begin to rise. According to the Bank, Urals at a cost of $15 per barrel of the Fund’s resources will last only for two years. If the price of oil will grow to $30, NWF will last for 6 years.
this week, the Russian oil fell to $12. In the Kremlin the situation called unpleasant, but not critical. Authorities believe that until the effect of the transaction OPEC+ to reduce oil production, which will take effect in may. Under the agreement, which also joined other oil-producing countries, the market in the next two months should be harvested about 15 million barrels of oil per day.
see also: Siluanov said the date of exhaustion NWF
