Baku 7° 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
00:03
Saudi Aramco in talks to buy Ukrainian drones to protect oil fields
Other countries23:59
Anar Guliyev, Anacláudia Rossbach mull joint projects in Karabakh and East Zangazur
Infrastructure23:53
US shifts air defense systems from Europe to Middle East amid Iran conflict
Other countries23:52
American expert adds Ilham Aliyev to list of top impactful leaders
Foreign policy23:36
Photo
Azerbaijan's achievements in women's rights, digital development presented at UN
Foreign policy23:34
Military camp in southern Baghdad comes under attack
Other countries23:24
FM Ignazio Cassis thanks Azerbaijan for evacuation of Swiss citizens from Iran
Foreign policy23:13
Narendra Modi and Masoud Pezeshkian mull 'the serious situation in the region'
Region23:12