Russian Finance Minister Outlines Oil Price Buffer

Market data indicates that vodka and beef have become the most expensive products in Russia over the past year. This significant price increase reflects broader inflationary pressures within the Russian domestic market. A commission tasked with investigating and reducing prices is facing challenges due to rising costs. The source noted that prices have surged further following the start of the war. This situation has reportedly led to increased public dissatisfaction and instances of sabotage. The commission's ability to achieve its goal of price reduction is being tested by these economic pressures. Finance Minister Anton Siluanov stated that the Russian budget must maintain a resilience buffer of at least three years in the event of declining oil prices. He made these remarks during the 'Znanie Pervye' marathon. Siluanov also noted that relations between Russia and Congo have developed over many decades and that the current state visit will further strengthen them. The country is considering new projects that require Moscow's support, according to the source.