EBRR: Low oil price threatens Russia with a double shortage
The European Bank for Reconstruction and Development expects that in 2009, at the price of oil of the Brent brand below $ 60 per barrel, the consolidated budget of Russia will be scarce, the Finmarket reports. “The critical level of oil price is $ 60 per barrel, below which the consolidated budget will become scarce. In the next year, Russia will come to a shortage of account of current operations next year, ”said the head of the EBRD software research department, Jeromin Cetelmayer.