Russian Direct Investment Fund CEO Kirill Dmitriev said that the oil price of $60-70 per barrel is comfortable for Russia. According to him, such price is good for both investments and stability.
However, reducing shale production in the United States, they must be below $40 a barrel. "To really fight shale we’d need oil below $40 a barrel," the Telegraph cited him as saying.
Dmitriev noted that such prices are "not good for the Russian economy" and "not good for the Saudi economy". "It is not practical, and we are not going to try to fight it," the head of Russia’s wealth fund told the World Economic Forum in Davos.
