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Finance Minister: Russia could lose around 3 trillion rubles in revenue if $50 per barrel stays average price for 2015

Finance Minister: Russia could lose around 3 trillion rubles in revenue if $50 per barrel stays average price for 2015

14 January 2015 11:46 (UTC +04:00)

Moscow. Farid Akberov – APA. Russia's federal budget could lose around $46 billion if oil prices stay below $50 per barrel in 2015, Russian Finance Minister Anton Siluanov said Wednesday.

We believe that the price of oil at $50 per barrel, which already isn't the current price, but if we take this ($50) as the average for the current year, then we will lose around 3 trillion rubles in revenue," Siluanov said during the Gaidar Economic Forum in Moscow.

Siluanov noted that there are problems related to financing sources of budget and it’s needed to conform to this situation.

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