Siluanov announces most pessimistic prognosis for oil prices

''The price of oil in 2016 may fall to $30 a barrel and it is necessary to prepare a backup plan of actions,'' Russian Finance Minister Anton Siluanov said.

''According to some facts, low oil prices are likely to dominate next year. And oil prices may be $30 a barrel during some periods. Therefore, we must prepare for difficult times for us," RIA Novosti cites Siluanov saying at a meeting in Kazan