The Russian economy will demonstrate stable growth next year if global oil prices stay above $60 per barrel, Finance Minister Alexei Kudrin said on Sunday.
According to the Russian government's forecast, the price of Russia's Urals oil blend is expected to stay at the level of $75 per barrel in 2010 and 2011 and rise to $78 per barrel in 2012 and to $79 per barrel in 2013.
The government's projections for Russia's federal budget in the next three years are based on the average annual price of $70 per barrel.
According to data of the Russian Finance Ministry, the average price of Urals oil blend was $77.4 per barrel in September 2010 compared with $67.15 per barrel in September 2009.
WASHINGTON, October 10 (RIA Novosti)