Date: 9 months ago   Category: Economy

Novak said that the high prices of oil are not favorable to Russia

Too high prices of oil threaten with reduction of her consumption, the Minister of Energy of the Russian Federation Alexander Novak on air Russia-24 has said. According to him, the high prices of fuel are, at first sight, favorable to the countries of exporters, including Russia, however it is necessary "to argue on the future". – Even today the companies Russian, working at the global markets, say that let she will be better lower, but stable. It is the first factor, he said. The second negative factor are high prices for consumers that creates threat of their transition to alternative energy sources. The minister has added that the high prices of oil can lead to reduction of demand for raw materials and delay of growth rates of world economy. Photo: Google.Images to Share: Alexander Novak of the Ministry of Energy oil