Mikhail Kasyanov Calls $18.5 Per Barrel Optimal Oil Price For 2002 Federal Budget Execution

Prime Minister of Russia Mikhail Kasyanov called the oil price of $18.5 per barrel to be optimal for executing the federal budget and realising the forecasts of Russia's GDP and economic growth in 2002. At a press conference in Moscow Kasyanov stated that the aforementioned oil price allows to yield good revenues, on the one hand, and does not cause the need of withdrawal of spare money from the economy, on the other.

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