Siluanov: Purchasing assets under fiscal rule in 2023 possible if oil prices exceed baseline; will decide which ones

TAGANROG. Sept 27 (Interfax) - Purchasing assets under the fiscal rule, which will resume next year, though during the transition period in 2023, is possible if oil prices exceed the baseline scenario envisaged in the budget, Russian Finance Minister Anton Siluanov told Interfax.

"We will have a transitional period next year for moving from 2025 in full to the fiscal rule," Siluanov recalled when answering about the prospects for buying forex assets in 2023.

"Next year, we will see whether prices are higher than the baseline level. We will decide what assets [to acquire], ruble or currency; though, of course, friendly countries [if the assets are in foreign currencies]," Siluanov said.

"The volume will depend on the price conditions," Siluanov stressed.

According to the explanatory note to the draft budget for 2023-2025, oil prices are forecast at $70.10 per barrel in 2023, $67.50 per barrel in 2024, and $65 per barrel in 2025.