Oil price for balancing Russia's budget announced

Baku. 20 April. REPORT.AZ/ The price of oil for balancing the budget of Russia in 2017 is equal to $ 60 per barrel.

Report informs citing the Gazeta.Ru, Russian finance minister Anton Siluanov said.

"The price of oil balancing the current account of balance of payments is now $ 35-40 per barrel, and for balancing the budget in 2017 (at the primary level) is $ 60 per barrel.

Back in 2013-2014, price around $ 100-105 per barrel required", he said.