Support The Moscow Times!

Russia's Economic Ministry Reconsiders 2015 Forecasts Due to Falling Oil Price

This would be half of the $100 per barrel the ministry envisioned last year in its economic scenario for this year.

Russia's Economic Development Ministry will base its main macroeconomic development scenario for 2015 on an oil price of $50 per barrel, minister Alexei Ulyukayev said Thursday.

This would be half of the $100 per barrel the ministry envisioned last year in its economic scenario for this year.

Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.