Gref predicts oil price at the level of $50-60 in 2016

Sberbank doesn’t share the optimistic forecast of the Economic Development Ministry for economic growth in 2016 and focuses on the price of oil at the level of $50-60 per barrel. This was stated by head of the bank German Gref.

Earlier, the Russian Minister of Economic Development Alexei Ulyukayev stated that the updated forecast of the socio-economic development of the Russian Federation provided for the GDP growth in 2016 in the range of 1% to 2% instead of the previously expected 2.3%.

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