No rapid return to high oil prices is foreseen, according Elvira Nabiullina, Governor of the Bank of Russia, speaking at the International Financial Congress in St. Petersburg, a Банки.ру correspondent states.
No rapid return to high oil prices is foreseen. AndtheRussianeconomymustlearntolive at lower oil and gas prices. Ingeneral, we should reject the habit of linking optimistic forecasts with a rising price of oil, rather than with actions to restructure the economy.
Governor of the Bank of Russia, Elvira Nabiullina
“In the long term, energy saving technologies and active use of alternative energy sources will also affect the price of oil. Thereisnowayroundthisprospect, unlike how a way round the shale revolution was, to a certain extent, sought,”Nabiullina said.