Gas Prices in Russia in 2019 Rose by an Average of 3%
Kozak added that there is no reason to fear rising fuel prices next year. "The government is confident in the reliability of the mechanisms developed, I think there is no reason to be afraid of (rising fuel prices)", said the deputy prime minister.
Earlier, FAS Deputy Head Anatoly Golomolzin told reporters that the Federal Antimonopoly Service (FAS) of the Russian Federation expects fuel prices to rise in 2020 as part of inflation. Kozak also noted that there are concerns about a possible decline in oil prices, but Russia has a margin of safety and accumulated reserves in this case. The Vice Prime Minister added that from 40% to 60% of oil fields are profitable in Russia.