Russia is preparing stress scenario based on $25 per barrel oil price — minister

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MOSCOW, January 13. /TASS/. Stress scenario based on $25 per barrel oil price is being prepared, Economic Development Minister Aleksey Ulyukayev said in an interview aired by the Rossiya-24 TV news channel on Wednesday. “We’re preparing a stress test scenario in order to be ready for any unexpected situation… We’re even preparing calculations based on the level of up to $25 per barrel,” the minister said. He added that this scenario implies the ruble’s exchange rate at more than 80 rubles per dollar. “There are serious chances that the ruble will strengthen. Base case forecast implies 63 rubles per dollar exchange rate. Stress test analysis has other rates – 80 and even more than 80 [rubles per dollar],” he said.

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