02 June 2004 19:12
Putin`s economic aide says Russia better off with lower oil prices
[Presenter] Rising world oil prices are affecting the Russian market, the Russian president's economic adviser
Andrey Illarionov has said. He believes that in the current circumstances the country would benefit not from a rise but
a fall in oil prices.
[Illarionov] A fall in oil prices would not be a threat to but a gift for the Russian economy. With lower oil prices,
the Russian economy has been developing, including in the last decade, at a higher rate than with higher oil prices. We
are affected by fluctuations in the world market, though probably not to the full extent. This is true for oil, petrol,
grain and any other commodity.
[RTR Russia TV] |
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