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Russian Central Bank Sticks to $25 Per Barrel Oil Price Scenario

© Sputnik / Igor Russak / Go to the mediabankRussian currency ruble on a graffiti in St. Petersburg
Russian currency ruble on a graffiti in St. Petersburg - Sputnik International
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Russia's Central Bank continues to stick to its $25 per barrel oil price risk scenario as a new fall in oil prices may take place, Central Bank Governor Elvira Nabiullina said Friday.

The Russian Central Bank - Sputnik International
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MOSCOW (Sputnik) — In the near future, prices are expected to fluctuate around $50 per barrel, she added, stressing that the Russian economy is becoming more resilient to changes in external conditions.

"We cannot exclude the possibility of the fall in oil prices resuming, so we are still considering the oil price risk scenario, which is $25 per barrel," Nabiullina said at a press conference.

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