Quick war to bring oil prices to $20 per barrel

The Russian Economy Ministry believes that the military operation in Iraq will not last long, and it will lead to a decrease in oil prices to the level of $20 per barrel, Deputy Economy Minister Arkady Dvorkovich told journalists today. So, the average price of Urals oil, according to the ministry's estimations, will be $25 per barrel, Dvorkovich said.

On the whole, the situation in Iraq will not result in any radical change in the Russian economy; "the Iraqi conflict influences the dynamics of the world economy and the economic growth dynamics in the USA and Europe, first of all", he noted.