Russia is satisfied with current oil prices
Current world energy prices allow the Russian Federation to develop.
President of the Russian Federation Vladimir Putin stated this at a press conference within the framework of the Forum of Leaders of the Asia-Pacific Region, a PolitNavigator correspondent reports.
According to the Russian leader, the Russian budget expenditures are based on $40 per barrel of oil, so minor fluctuations in the market will not affect the country's economy.
“We are quite happy with what we have now, what was recently around $70, if we keep in mind that our budget expenditures are calculated at $40 per barrel. This gives us the opportunity to feel confident, work calmly, stably, and achieve very good results, which are reflected in the macroeconomy.
We will almost certainly have a budget surplus this year. We have a $120 billion trade surplus. And this with minimal external debt - somewhere around 15%, this creates a very good basis for confident work, in order to achieve higher rates of GDP growth and engage in structural reforms,” Putin said.
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