He noted that "the demand for refined products fell by about 28-30%, mainly due to the reduction in road and air transportation."
The minister said that “the volume of companies' investments in production has decreased by 25%.
“On average, this year we expect a fall in demand at the level of up to 10%,” Novak is quoted by TASS.
Earlier, Stanislav Mitrakhovich, a leading expert of the Fund for National Energy Security and the Financial University under the Government of Russia, in an interview with FBA "Economics Today" assessed the situation on the oil market.