The Chairman of the Board “RUSNANO” Anatoly Chubais said that the falling prices on the world oil market “alarm bell” for Russia. According to him, Russia needs to make a strategic decision to reduce dependence on oil prices and “stay the course”.”It is impossible to give the country a strategic risk due to such structure of the economy. This technological system becomes obsolete, it is a fact. There is a famous cowboy saying: if the horse died, it must be off,” said Mr. Chubais in an interview with Forbes. He explained that the sooner decisions are made, the more the country will be taken of strategic risks on a national scale.According to him, oil and gas is the backbone of the Russian economy, accounting for 20% of GDP, 40% of the budget, 60% of exports. Mr. Chubais noted that, according to optimistic forecasts, oil prices are not above $40 per barrel, while in 2020 the country’s budget calculated on the basis of is $42.5 per barrel.18 may Russian Urals crude for the first time since mid-March has risen above $30 per barrel. Earlier the price of the European grades of oil also rose above $30. Read in the material “Kommersant” “the Demand catches up with oil”.
