Siluanov announced the formation of the Russian budget on the basis of a cut price of 50 dollars per barrel.

Siluanov announced the formation of the Russian budget on the basis of a cut price of 50 dollars per barrel.

The head of the Ministry of Finance of the Russian Federation, Anton Siluanov, confirmed that the price of the cut in the budget law is planned to be reduced to 50 dollars per barrel starting next year. "We have now formulated a budget based on the cut price of $50," he said, speaking at the Moscow Financial Forum.