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Real Earnings Of Russian People May Reduce By 10 Percent
22.01.2015 07:22
Real Earnings Of Russian People May Reduce By 10 Percent

Real earnings of the Russian population with the oil price keeping at the level $ 40 per barrel may reduce by 10 percent in two or three years.

      This was told by the Head of the Committee of Civil Initiatives, a former Russian Finance Minister Aleksei Kudrin on the air of the radio station Business FM.

      According to him, the real earnings with the oil price persisting at the level $ 40 per barrel will fall by from 3 to 5 percent in 2015, and down to 10 percent in 2-3 years.

      According to Kudrin, this reduction will take place for the first time since 2000, and it will be painful for entire population groups.


Author: Anna Dorozhkina

Tags: Kudrin oil price    

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