Mineral Resources and Sergey Ivanov

Sergey Ivanov: There are two points of view on mineral resources, according to Russia Today. One says that Russia richness in mineral resources, primarily oil, is a blessing for Russia. Tags Interview, Oil, Russia, Russia and the global economy, Trade High oil prices are not a blessing for Russia, however their current level and the ruble exchange rate are ideal for starting structural reforms, the head of the Presidential Administration Sergey Ivanov said in an interview with the Financial Times. There is a different point of view, to which I subscribe, that mineral resource wealth and in particular high oil prices, is not a blessing but a curse for Russia. Worst over for Russian economy, time to talk success - economists He added that with the oil price somewhere above $60 per barrel and the ruble around 55 to the dollar, that is an ideal ratio and it is time to engage in structural reforms. That what I think, Ivanov said in an interview published Monday. (news.financializer.com). As reported in the news.