CNBC | Russia's Putin says $50 per barrel oil in 2016 budget 'too optimistic' CNBC Russian President Vladimir Putin said on Thursday the $50 per barrel price for oil factored in the 2016 budget was too optimistic and the government needed to make adjustments. "We had calculated next year's budget based on $50 per barrel. This is a ... Putin Says Russian Economic Crisis Has Peaked Amid Oil Slump Vladimir Putin Warns Government May Cut Budget Over Oil Price Fall Oil Smuggling in Middle East on Huge Scale - Putin |