According to the Minister, the basis of the forecast were taken conservative assumptions because, despite the current growth of quotations of the barrel, the market grew too large excess of oil, which will long continue to exert pressure on prices.

the document says that in 2020, the average price of Russian Urals oil will reach to 31.1 per barrel in 2021 and 35.4 per barrel in 2022 is 42.2 per barrel, and in 2023 – 45,6 dollars for barrel.

Reshetnikov stressed that given the ongoing macroeconomic policies and accumulated reserves this level of prices of Russian oil do not pose a threat to economic stability in the country.