Russia's Oreshkin on Reserve Fund Availability

The video discusses how the economy has adjusted to declining oil prices, with a focus on budget management and deficit targets. It explores the use of reserve funds and financing strategies, including borrowing from local markets. The potential issuance of Eurobonds is analyzed, considering market dynamics and investor interest. The discussion highlights the economic resilience and strategic planning in response to fluctuating oil prices and market conditions.

What was the budget deficit target for the current year, assuming a $40 oil price?

• 2.4% of GDP

• 3% of GDP

• 5% of GDP

• 1% of GDP

What is the main strategy for financing the budget deficit in the coming years?

• Increasing foreign investments

• Using the Reserve Fund and increasing local borrowings

• Raising taxes

• Cutting public spending

What is the expected percentage of GDP to be left in the Reserve Fund and National Wealth Fund?

• 3% of GDP

• 5% of GDP

• 1% of GDP

• 2% of GDP

Why were investors interested in Russia issuing new Eurobonds?

• Russia's economy was underperforming

• There was a strong current account deficit

• Russian risk was performing well and investors wanted new debt issues

• The global market was stable

How have discussions with Western banks about Eurobonds changed recently?

• Banks are more eager to participate

• Banks are hesitant due to market tensions

• Banks are offering better terms

• Banks are not interested at all