Russia Needs $70 Oil

Russia Needs $70 OilRussia Needs $70 Oil

The Russian economy will run without a deficit only if oil prices stay above the $70 per barrel mark by 2017, Russia's finance minister said Tuesday. "We will conduct a careful budget policy and by 2017 we have the goal of a non-deficit budget," Russian Finance Minister Anton Siluanov was quoted by UPI as saying.