Russian President Vladimir Putin said that Russia is fine with the oil price of around $70 per barrel.
Speaking at the press conference, he noted that "a reasonable price both for producers and consumers is needed."
"What we are having now, what has been recently - around $70 - is just fine for us," TASS cited the Russian leader as saying.
According to the President, the Russian budget relies on the price of Brent crude oil of $40 per barrel. "That allows us to feel comfortable, work calmly, stably, achieve very good results that influence macroeconomic indicators," Putin concluded.
