During his annual press conference in Moscow, Putin said that “even the $50 per barrel price for oil” factored in Russia’s budget for 2016 “was too optimistic”.
“We are aware of the high dependence of our economy on the price of our traditional export products – oil, gas and their derivatives. We (in the past) proceeded from the fact that the average price for Brent will be $100 per barrel,”Putin said.
“When
