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 If Oil Prices Stay Low Russian Budget Will Have 500 Billion Gap

Russia's budget will require 500 billion rubles ($ 125 billion) from the Reserve Fund if the current situation with the national currency and the subsequent drop in oil prices remains in 2015.

According to Censor.NET citing RIA Novosti, this was stated by Russia's Finance Minister Anton Siluanov.

"If the current oil price of $87/barrel remains in 2015 with the exchange rate of 40 rubles to the dollar ... we will have to refer to the Reserve Fund," Siluanov said at a meeting of the Budget Committee of the State Duma.

Read also: Oil Prices Continue Decreasing with Kuwait and Saudi Ready to Bear the Drop and Keep Up the Output

"We lack about 500 billion rubles due to the situation that is emerging today, if it continues in 2015," Siluanov added.

The Minister appealed to the lawmakers with a request to secure the possibility of obtaining funds from the Reserve Fund at the legislative level.

Источник: https://en.censor.net.ua/n306775
Source: 1й2345