“We have huge challenges ahead. In our opinion, the raw material shock is ahead. A commodity shock called "a decrease in oil consumption in the world and virtually uncontrolled increase in oil supply in the world," RIA Novosti quoted Gref as saying.
According to him, a similar situation could lead to very low oil prices. Gref did not rule out a fall in its value below $ 40 per barrel.
Earlier, expert Vladimir Klimanov commented on an IMF report in an interview with FBA Economics Today, according to which a fall in oil prices since 2014 contributed to the decrease in the growth rate of the Russian economy more than forecasts than sanctions.