Date: 2 months ago   Category: Economy

Oreshkin expects reduction of prices of the Russian resources because of trade war of the USA and China — Rambler News Service


Photo: globallookpress.com Trade war between the USA and China will negatively affect demand for key Russian resources and also for non-oil export, the Minister of Economic Development Maxim Oreshkin on the sidelines of board of Rosstat told journalists. "It is clear that all this history, it will negatively affect also demand for the Russian products. It concerns raw materials therefore such scenario will mean of course reduction of prices of key resources - on oil, on metals, on coal - what is exported from the Russian Federation", - Oreshkin said. Oreshkin noted that the constraining impact on non-oil export from the Russian Federation will be had, "because it will be characterized by a situation of the weakened demand global". According to the minister, trade relationship between the USA and China is an anchor element of the world trading system therefore full war will affect the whole world. He said that there are "several weeks for all situation in order that it returned to the former course and "for the present the non-return point is not passed in this sense yet". "Such point it is possible to call the summit of the Group of Twenty which will take place in Osaka (Japan), and those possible negotiations between China and the USA which within this platform can take place", - Oreshkin said.

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