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Bank of Russia raises forecast for average price of Urals oil for 2021

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The Bank of Russia (the Russian Central Bank) has raised its forecast for the average annual price for Urals oil in 2021 to $50 per barrel from $45, Report informs referring to Prime agency

According to the Central Bank’s medium-term forecast, in 2022 and 2023, the average annual price for Urals oil will also be at $50 per barrel.

Earlier, the Central Bank predicted that this indicator in 2022 and 2023 would be $45 and $50 per barrel, respectively.

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