Novak names critical oil prices for Russia

Russian Energy Minister Alexander Novak named critical price of oil, which Russian oil companies will not be able to survive.

According to him, "for the oil companies, it is a critical level - this is the prime cost of oil production," which amounts to 5-15 dollars per barrel in Russia.

At the same time, speaking at the Gaidar Forum, Novak made the forecast with the average annual oil price of 40-50 dollars, RBC reports.