Sina Finance and Economics on the 25th, Russian Finance Minister Andong Xi Luanov (Anton Siluanov) told reporters in Moscow that unless OPEC+ continues to cut production after the first quarter of 2020, Russia believes that oil prices may fall to 25-30 US dollars per barrel.

Thanks to budget strategies and money accumulated by sovereign funds, the Russian economy has been able to cope with a three-year collapse in oil prices.

Earlier this month, OPEC+ agreed to further cut production by 500000 b / d in the first quarter, bringing the total reduction to 1.7 million b / d; OPEC+ will discuss production strategies beyond the first quarter at a conference in Vienna in March.

In addition, Siluanov also said that it is proposed that the new investment structure of the national wealth fund should emulate the foreign exchange reserve structure of the central bank.

"We should consider investing some national wealth funds in gold because it is a more sustainable asset," Siluanov said. "