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 Ukraine may benefit from oil price plunge, - Yatseniuk

Drop in oil prices witnessed in the last few months in the world markets is positive for Ukraine.

This was stated by the Prime Minister Arsenii Yatseniuk, Censor.NET reports citing Interfax-Ukraine.

"A positive side is that Brent oil price makes $43 (per barrel - ed.)... For Ukraine, the drop in oil prices is beneficial," he said, opening a meeting of the Cabinet of Ministers in Kyiv on Wednesday.

According to him, if such a dynamics persists, it will allow Ukraine to buy cheaper gas, and will also lead to a drop in prices for fertilizers.

Read more: Russia intends to impose absolute embargo on Ukraine's agroexport in 2016, - Yatseniuk

Yatseniuk noted that world market's price environment of main types of agricultural products remains relatively stable. "This means that before the end of the year we shall get additional foreign currency earnings of about $4 billion," the head of government said.

At the same time, he pointed out that the oil price plummeting shrinked Russia's national currency rate and caused very serious problems to financial stability and other related markets.

"Therefore, I would ask that we hold consultations, including with our international partners, on possible scenarios and our position on world's economic map," Yatseniuk said.
 
 
 
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