Ulyukayev: it is a risky scenario to forecast oil at the level of $25 per barrel

The Economic Development Minister Alexei Ulyukayev has said that the risk scenario of the updated macroeconomic forecast for 2016 implies the oil price at the level of $25 per barrel. The decline in GDP of Russia may be about 3% in this case.

"It is clear that $25 means maintaining a fairly significant economic slowdown, although it would be less than the decline of GDP in 2015, only about 3%,’’ Tass cites him as saying.