Medvedev: oil prices are not encouraging, they are not the lowest in 17 years

Medvedev: oil prices are not encouraging, they are not the lowest in 17 years


If such a scenario on the oil prices continues, we will have to make adjustments, said Russian Prime Minister Dmitry Medvedev.

MOSCOW, 9 Dec. Oil prices are not encouraging, they are not the lowest in the past 17 years, if this scenario continues, we will have to make adjustments, said Russian Prime Minister Dmitry Medvedev in an interview with Federal TV channels on Wednesday.

“Of course, oil prices are not encouraging. They may be the lowest in 17 years. From the peak, which was quite recently, just a few years ago, when prices reached $ 150 per barrel, we now descended to the level of oil prices in the district of 37-38 per barrel. I mean the price of Urals crude oil, but not Brent,” — said Medvedev.