Moscow (Platts)--2Oct2009/903 am EDT/1303 GMT

Russia's president Dmitry Medvedev said Friday that his country was not interested in oil prices going too high saying that a fair oil price should be at around $80/barrel-$90/b, as reported by Russia's Prime-Tass news agency.

He added a price that was too high would stop Russia initiating required structural changes to its economy.

"We have done nothing for the structural changes in our economy over the last 10 years because crude [price] was rising higher and higher," Medvedev was quoted as saying.

"It is because we are [an] export-oriented country...we have suffered more than other countries [from the crisis]," Medvedev said, adding that Russia's exports were mainly of crude oil and oil products.

--Nadia Rodova, nadia_rodova@platts.com