8/4/2025, 3:02:03 pm

Fall in oil prices poses risk to Russian economy, TASS cites Elvira N.

Russian Central Bank Governor Elvira Nabiullina warned that U.S. President Donald Trump's tariffs, which caused global oil prices to drop 14%-15%, pose risks to Russia's economy. A technical budget rule will mitigate budget impacts, but Nabiullina noted potential declines in global trade and energy demand. The bank forecasts oil prices at $65 per barrel in 2025 and $60 in 2026