Medvedev: Russia has a “plan” and “plan C” in case of unfavorable oil conjuncture

Medvedev: Russia has a “plan” and “plan C” in case of unfavorable oil conjuncture


MOSCOW, December 9. Prime Minister Dmitry Medvedev assured that Russia has a “plan b” and even a “plan C” in case of unfavorable oil conjuncture.

“Of course, we assume at the moment from a realistic scenario (of economic development). But we would be bad managers, if it had no “plan b” and even “plan C” if necessary for this situation”, – said the head of the Cabinet in an interview with Russian TV channels.

He acknowledged that “oil prices are not encouraging” and are now at their lowest in the past 17 years. “It is bad that our economy depends on oil. But such is its structure and which was not formed: it was formed last 60 years,” he said. According to him, in 5-10 years the situation cardinally does not change.

“If required, if will be difficult events, if will continue quite negative scenario in the direction of hydrocarbon, oil and gas on the track, we will make adjustments, – said Medvedev. And in this sense the position of the government will be absolutely realistic”.

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© Sergey Konkov/TASS

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