The cost of oil and sanctions to Russia US $ 140 billion

Russian President Vladimir Putin and Finance Minister Anton Siluanov.

The cost of oil and sanctions to Russia US $ 140 billion

Russian President Vladimir Putin and Finance Minister Anton Siluanov.

The decline in oil prices make Russia have to spend US $ 100 billion per year, while Western sanctions cause Moscow has had to spend US $ 40 billion, said the finance minister.

Anton Siluanov mentioned this on Monday (24/11) at an international financial and economic forum in Moscow.

A number of reports today that hinted deer may cut oil production of about 300,000 barrels per day to boost oil prices.

Member organizations pengkespor countries oil, OPEC meeting in Vienna this week will discuss the price drops.

Vladimir Putin says Russia will suffer due to the sanctions, the decline in oil prices and the value of the ruble.

He also said it would affect other countries.

"The modern state interdependent. There is no guarantee that the sanctions, the fall of oil prices and the decline in the value of the national currency will lead to a negative influence or destruction just for us alone," said the Russian president told the state news agency TASS Sunday. (BBC)