This is stated in the message of the Ministry of Finance.
“All things being equal, a deviation of the national currency exchange rate from the forecast level for each 1 ruble leads to a change of 70 billion rubles in the base oil and gas revenues of the federal budget this year,” the department said.
The ministry also said that, given the high volatility in the financial markets, decisions on holding auctions to place financial loan bonds will be made taking into account market conditions to facilitate the process of stabilizing the market situation and to prevent excessive pressure on the debt market.
The Ministry noted that the volume of liquid assets of the National Wealth Fund as of March 1 amounted to 10.1 trillion rubles. According to the agency, this is enough to cover the shortfall in income from lowering oil prices to $ 25-30 for six to ten years.
On March 9, oil prices fell 30% amid the collapse of the OPEC + deal. Following this, the ruble depreciated against the dollar to 72.5 and to the euro to 82.7.