Russian ex-Minister for Finances Alexey Kudrin said that Russia had received two hits: from sanctions and from oil prices as a payment for certain geopolitical decisions, TASS reports.In his words, Russia was somewhat ready for low oil price. The government has a reserve of $190 billion out of $400 billion of currency reserve. He said that the sum was enough for transition to a different level of prices at the oil price of $60-80.
Russian ex-Minister for Finances Alexey Kudrin said that Russia had received two hits: from sanctions and from oil prices as a payment for certain geopolitical decisions, TASS reports.
In his words, Russia was somewhat ready for low oil price. The government has a reserve of $190 billion out of $400 billion of currency reserve. He said that the sum was enough for transition to a different level of prices at the oil price of $60-80.
