Media: in the Russian government would prepare a stress scenario with oil price at $25/bbl.

Media: in the Russian government would prepare a stress scenario with oil price at $25/bbl.

MOSCOW, January 13. The Russian Ministry will prepare different scenarios of situation development in assigned industries at the price of a barrel of oil Urals in $25, $35 and $45. As writes on Wednesday the newspaper “Vedomosti”, with the appropriate instructions at the meeting on 12 January by the first Vice-Premier Igor Shuvalov.

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“These figures sounded”, – quotes the edition of the Federal official who knows the outcome of the meeting. It is not only about pessimistic scenarios – is also mandated to calculate and optimistic scenario. “The instruction was verbal,” confirmed “Vedomosti” the official financial-economic bloc. In the Secretariat Shuvalov to comment on the outcome of the meeting refused.

“Calculated in different stress scenarios, the discussion continues with experts within the government”, – told “Vedomosti” the press Secretary of Prime Minister Natalya Timakova.

As we reported earlier, the cognizant Federal official, the Ministry of Finance of the Russian Federation may be counted in the first quarter of the budget in 2016 because of lower oil prices – after agreeing with the macroeconomic forecast of the Ministry of economic development. Budget 2016 based on the estimation from the price of Urals crude oil at $50 per barrel, so far the oil price this brand fell below $29/bbl.

According to pessimistic scenario the CBR, the price of oil in 2016 will be $35 per barrel, with a projected decline in GDP of 2-3% and inflation is 7%.


Prices for Brent crude and the dollar

Prices for Brent crude and the dollar. Infographics