Khodorkovsky: Putin has a margin of safety against Western economic sanctions

25.04.2014 21:32
  (Moscow time)
Views: 1284
 
Policy, Story of the day, Ukraine, Economy


Jailed Russian former oil tycoon Khodorkovsky stands in the defendants' cage before the start of a court session in Moscow

Kyiv, April 25 (Navigator, Mikhail Ryabov) – Russia has a fairly serious margin of safety to withstand Western economic sanctions, which could lead to a fall in oil prices.

Kyiv, April 25 (Navigator, Mikhail Ryabov) – Russia has a fairly serious margin of safety...

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This was stated by Russian businessman Mikhail Khodorkovsky on the talk show Shuster Live.

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According to Khodorkovsky, even if the price of oil falls to $80 per barrel, Russia can hold out for 2-3 years, and only “after that certain difficulties will begin.”

Similarly, Khodorkovsky believes, Moscow will withstand a reduction in prices to the level of 50-60 dollars. “This price is critical only in the medium term,” he said.

“You shouldn’t count on miracles... Ukraine needs to rely more on itself, on its strength, its courage,” Khodorkovsky noted.

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