– The ruble in 2018-2020 will be stable, despite the persistence of the sanctions regime and the projected decline in oil prices, said the head of Ministry of economic development of Russia Maxim Oreshkin.
“If we talk about external conditions, they are incorporated in the forecast at a conservative level. We expect that the price of oil falls below $45 a barrel will slow the world economic growth, which reduced risk appetite in the global markets. We assume in the baseline scenario the preservation of the sanctions regime against Russia and actions of the oil deals with the OPEC countries to the end of the first quarter of 2018,” said the Minister, speaking at a meeting of the Russian trilateral Commission for regulating social-labour relations.
“The exchange rate of the ruble dropped significantly in real terms to the level of April, after a period of growth. Now, according to our estimates, fundamentally make up a value, so here do not expect any serious fluctuations. Overall, the three-year period will remain stable,” added the Minister.