Baku 2° C
Anton Siluanov: " Russia to lose 40 milliard USD in a year"
Finance
- 24 November, 2014
- 09:40
Baku. 24 November. REPORT.AZ/ Russia is set to lose around USD 40 billion per year due to Western sanctions, and 90-100 milliard per year due to oil prices. Report informs, says the minister of finance of Russia Anton Siluanov.
According to his words, oil prices fell by 30 percent as of beginning of the year and lose value as well by same percent accordingly.
The minister stressed that, Russian economy could experience “catastrophic consequences” from sanctions, the falling oil price and the plunging ruble.
A.Siluanov said that, falling of oil prices affects the economy more than limits, which applied due to sanctions.
Author
Latest News
20:56
Strategic Working Group for Azerbaijan-US Strategic Partnership Charter holds 2nd meeting
Foreign policy20:51
Photo
Karabakh University and Istanbul Technical University ink MoU
Education and science20:45
Trump: US won't use force to seize Greenland
Other countries20:41
Trump says US will remember Europe's refusal on Greenland issue
Other countries20:27
Video
AnewZ prepares documentary film on Libya
Media20:22
Trump talks about how he gave Putin 'master class' on conflict resolution
Foreign policy20:15
Moody's forecasts slowdown in inflation in Azerbaijan
Finance20:10
Trump: Venezuela will earn more in half a year than in last 20 years
Other countries20:01