Current oil prices will do Russia no harm, minister says

Current oil prices will do Russia no harm, minister says

The oil prices have dropped recently as the OPEC member states refused to decrease oil production.

Russian President Vladimir Putin stressed however that the prices will rise in the beginning of 2015 and that Russia has nothing to worry about.

The current oil prices will not damage the Russian economy, Russian Minister of Energy Alexander Novak says.

According to the member of the cabinet, such a decrease was predictable and will be nothing but a long-term complication.

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