Ulyukayev admitted the possibility of revising the GDP forecast because of the collapse in oil prices

Moscow. December 21. The economic development Ministry may revise its forecasts in part the dynamics of GDP in 2016 due to low oil prices, said the head of the Ministry Alexei Ulyukayev.

“It is possible, the Outlook revision is possible,” Ulyukayev said to reporters.

“The reason to think about it, there are,” said the Minister.

This morning the price of Brent oil fell to a record low in 11 years. In the course of trading, the price fell to $36,17 per barrel, the lowest intraday level since July 13, 2004.