Peskov: Assessments of Wealth Fund sufficiency approximate

MOSCOW, Apr 24 (PRIME) -- The current forecasts and assessments of sufficiency of Russia’s National Wealth Fund are very approximate as long-term planning is impossible, presidential spokesman Dmitry Peskov said on Friday.

Deutsche Bank said in a research note earlier that liquid assets of the National Wealth Fund would last for two years at a Urals oil price of U.S. $15 per barrel.

“You know, all calculations and forecasts for the next two years are very approximate. There are both these calculations and other calculations – for two years, for four or six years… Long-term planning is impossible now,” he said.

Peskov also said that a formalist approach is inadmissible while making decisions on state support for wages, and all tax debt issues can be settled in a manual mode.

The rules for receiving such aid envisage that a company should have no tax arrears as of January 1, 2020.

“No, a formalist approach is inadmissible here. Prime Minister (Mikhail) Mishustin and President (Vladimir) Putin said that. Many times,” he said.

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