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REPEAT: No business risks with oil prices or 2008 elections - Russian official

LONDON, October 12 (RIA Novosti) - A senior Russian official said Wednesday that there are no business risks associated with the current high oil prices or the 2008 presidential elections.

"We will be able to do everything possible by 2008 so that the next president can continue the current economic policy," said Arkady Dvorkovich, the head of presidential administration's analysis department, at an international conference on trade and investment in London.

"The strategic course is absolutely clear and the authorities will do everything to keep to it," he said.

Dvorkovich said it does not matter for the Russian economy if the world oil price was $35 or $60 per barrel because Russia had a stabilization fund accumulating surplus revenue from oil exports.

"It is actually clear that world oil prices will not drop below $30 in the coming 10-15 years and if they will, Russia will have sufficient mechanisms in place to cope with this situation," Dvorkovich said.

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