A risk scenario of the Central Bank of Russia stipulates a ruction in oil prices down to $35 per barrel.
Ksenia Yudaeva, first deputy chairwoman of the Central Bank of the Russian Federation, said during her speech speech at the Council of Federation that the bank proceeds from its forecasts, in which Western sanctions against Russia are not going to be lifted. The risk scenario is based on expectations for the sanctions ti be tightened further during the upcoming years, while prices on oil are going to decline sharply.
In the beginning of October 2018, the cost of a barrel of Russian Urals oil was fluctuating above the level of $80. The basic scenario of the Central Bank of Russia suggests the reduction of the cost of a barrel of Urals oil to an average of $55 in 2020-2021. For the risk scenario, the cost of a barrel of Urals may halve already in 2019. Such a decline will speed up inflation and halt the growth of Russia's GDP.
The armored train with North Korean leader Kim Jong-un arrived at the railway station in Vladivostok at around 11 o'clock in the morning of April 24
In 1994, a former employee of the State of Arkansas filed a sexual harassment lawsuit against Democratic President Bill Clinton
The submarine will be the first carrier of Russia's new ominous weapon - the Poseidon underwater drone