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Russian central bank says oil prices comfortable, warns of risks
Current oil price levels pose no risk to Russia's financial stability but could become challenging for the economy and financial markets if they drop below the budget target of $60 per barrel, the central bank said on Friday. Oil and gas sales account for around a third of Russia's state budget revenues. And while their share is expected to decline in coming years, commodity sales still play a key role in the Russian economy. The oil price in roubles is an important factor for the budget too. According to Reuters calculations, the price of Russia's flagship Urals oil blend at the end of November surpassed the level ... (full story)
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- Posted: Nov 29, 2024 10:00am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 87
