The Russian government would have to apply for financing from the Reserve Fund if the oil prices stabilize around $30 per barrel, Russian Finance Minister Anton Siluanov said.
"We are certainly not magicians. Definitely, if the price stays around $30 [per barrel], perhaps we would have to apply for the reserves," Siluanov told journalists on Saturday.
The Cabinet will try to minimize such decisions, he said.
"There are anti-crisis measures, and there are obligatory measures that we must take. All this would cost about 600 billion rubles, including extra expenses," he said.
All rights reserved by Rossiyskaya Gazeta.
to our newsletter!
Get the week's best stories straight to your inbox