The cut price of $50 in the general budget is planned to be set for the years 2027-29.

The cut price of $50 in the general budget is planned to be set for the years 2027-29.

The price of the overall budget cut of $50 is planned for the entire three-year budget period (2027-2029), said Russian Finance Minister Anton Siluanov. "A period of three years," he told reporters on the sidelines of the Moscow Financial Forum, answering the question of how long he plans to set the cut-off price at $50 per barrel.