Russian Minister of Finance Anton Siluanov said, "We need to get prepared to lead lives under these heavy conditions in the economy" as the economic crisis in Russia continues to grip the country. According to news from the Russian news agency TASS, Siluanov, speaking at the board members' meeting of the Federal Treasury, said that the latest economic crisis in Russia is different from those experienced in 1998 and 2008 in that it covers the long term. Moreover, Siluanov said credit letters will be used next year in order to prevent expenditure financed by the Reserve Fund, stressing that there will be harsher controls put on budget spendingElsewhere recently, the head of Rusal Company and one the most notable oligarchs in Russia, Oleg Deripaska, forecasted that the oil price per barrel will fall to $18 while the Russian ruble will weaken against the dollar, to 100 rubles to the dollar.He said that Russia's budget and reserve fund could run out by the end of this year because gross corruption."In such a case, we would be better off dead. We need to carry on, mindful that this might happen," he said.