23.12.2014 - Russian currency may reach 61 rubles vs dollar in 2015 with current oil prices — Kudrin
The Russian currency may reach 60-61 rubles to the dollar by late 2015, if the world oil prices stay at their current level and the West does not tighten its sanctions against Russia, former Finance Minister Alexey Kudrin said on Monday. “If oil prices stay at the current level, the sanctions are not tightened and the government takes sound measures, the ruble exchange rate will even strengthen in the first quarter of 2015,” Kudrin said. World oil prices are currently hovering at slightly over $60 per barrel. “By the end of the year (2015), it may reach its current value of about 60-61 rubles to the dollar,” he said...............................................Full Article: Source
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