Putin said the worst oil situation since 2008


On March 1, 2020, Russian President Vladimir Putin held a meeting at the terminal of Vnukovo Airport before flying to Pskov. The meeting was devoted to the situation in global commodity markets in connection with the spread of coronavirus infection 2019-nCov (COVID-19).


The event was attended by First Deputy Prime Minister Andrei Belousov, Minister of Energy Alexander Novak and Head of Rosneft Igor Sechin. According to Putin, "the past week has become the worst for global markets since the 2008 crisis." The head of state noted that the current level of oil prices in the world is still acceptable for Moscow, although the negative impact of 2019-nCov (COVID-19) on the economy already makes itself felt.

Apparently, we are witnessing what is happening with this so-called coronavirus on such a global scale ... As for the direct economic impact of the outbreak of coronavirus, we need to look specifically at how we react to what is happening in this sense

- Putin said.

Putin clarified that the OPEC + agreements have become an effective mechanism and have positively proven themselves. Therefore, he wanted to consult with those present how to react to what is happening with the global economy at the present time.

Brent oil quotes fell to the mark of $ 50 per barrel, it is difficult to make forecasts, but Russia needs to be prepared for different scenarios

- Putin stressed.

Putin added that Russia will be able to fulfill all its social obligations, even if the situation on the planet worsens. At the same time, the head of state pointed to the existence of the National Welfare Fund (NWF) in Russia.

Everything necessary is being done in Russia to combat this dangerous disease, and appropriate measures have been taken. Hope they will be effective. The overall situation is under control

- summed up Putin.


We remind you that on February 28, 2020, Finance Minister Anton Siluanov said that Russia's budget is protected from fluctuations in world oil prices and is ready for any changes.
Used photos: http://kremlin.ru/
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  1. gorenina91 Offline
    gorenina91 (Irina) 1 March 2020 15: 13
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    On February 28, 2020, Finance Minister Anton Siluanov said that Russia's budget is protected from fluctuations in world oil prices and is ready for any changes.

    - But who will believe this rogue ...

    The meeting was devoted to the situation in global commodity markets in connection with the spread of coronavirus infection 2019-nCov (COVID-19).

    - So they wanted to lay the Chinese Silk Pavement across all of Russia ... - that would be a universal misfortune for Russia today ... - half of Russia would immediately become infected ...

    Putin added that Russia will be able to fulfill all its social obligations, even if the situation on the planet worsens. At the same time, the head of state pointed to the existence of the National Welfare Fund (NWF) in Russia.

    - FTS ??? - It's strange ... - before it was just the Pension Fund and ... and the retirement age ...
    1. Sergey Latyshev Offline
      Sergey Latyshev (Serge) 1 March 2020 17: 42
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      In 2008, oil reached 100 bucks.
      Of course, worse.

      But under Yeltsin, oil is stably below 30. So, the near-Yeltsin liberals are to blame.
  2. master3 Offline
    master3 (Vitali) 2 March 2020 16: 27
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    Putin said the worst oil situation.

    - Putin's income fell! This is serious - now the retirement age will be increased to 130 years.
  3. Under the USSR, we drove the Ivanovo rotor lines to Japan and Germany, but now we can only hear the whining - oil has fallen, gas has fallen! Shame!