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You should not expect russian economy to collapse within year - MP Hetmantsev

The chairman of the Finance Committee of the Verkhovna Rada Danylo Hetmantsev said that there are no prerequisites for the economic collapse of russia in the coming year. In order for russia to have problems, the price of oil must be below USD 40 for 1.5 years.

He said this on the air of Novosti.LIVE.

Hetmantsev noted that there are currently no prerequisites for the economic collapse of russia. On the contrary, the income from energy resources and significant reserves of the russian federation allowed the economy to be fully adapted during the war.

"The russian economy has been restructured on military rails. It works for defense and is financed by large revenues from energy resources. Russia has almost USD 700 billion in gold and currency reserves. For comparison: we have USD 45 billion. And we consider this a large amount," Hetmantsev said.

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At the same time, he stressed that in order to really cause serious consequences for the russian economy, a long period of keeping the oil price below USD 40 is needed.

"For russia to really feel economic pressure, it is necessary for the oil price to stay below USD 40 for at least a year and a half. And only then can we talk about a collapse or serious consequences in the future," the head of the Finance Committee of the Verkhovna Rada of Ukraine emphasized.

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