Sunday, 30 November 2014

Low oil prices OK for Russian economy due to currency rates – minister


The current oil price – about $70 per barrel – is acceptable for Russia and will not cause internal crisis, Aleksey Ulyukayev, minister of economic development, says. The price that matters for the budget is in rubles, which is balanced by currency rates.


Via:: Low oil prices OK for Russian economy due to currency rates – minister






from The Russophile http://www.therussophile.org/russia/low-oil-prices-ok-for-russian-economy-due-to-currency-rates-minister.html/