The first deputy chairman of the Central Bank called the current oil prices fair. His words were at the conference “All-Russian Week of Financial Literacy 2021”.

According to Shvetsov, the regulator considers raw material prices “already high”. “It is higher today than our mid-term forecasts. But once again, I do not know the future, but we feel that the price of oil is quite fair today, and we do not consider it low,” he stressed.

According to the Russian Ministry of Finance, the average price of Urals oil for the period from February 15 to March 14 was $64.35 per barrel.