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Russia able to withstand $25 per barrel oil prices - Central Bank Chief

Updated: 2016-11-28 09:40

    Russia is able to withstand global oil prices as low as $25 per barrel, although prices are more likely to stand at $40-50 over the next two years, Governor of the Bank of Russia Nabiullina said.

    The banking chief said in September that six-month stress tests indicated the Russian banking system's resistance to external shocks, including in the likelihood of oil prices plunging further than the current $48 per barrel.

    Nabiullina added that the central bank's forecast suggests a high degree of probability that prices in the next two years are expected to hover at $40-50 per barrel.


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