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As for the ruble... By the end of the year... Forecasting is a very ungrateful task, but I think it will be in the range of 85–95. The ruble will be 85–95 per dollar by the end of the year.
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I believe there are no fundamental reasons for the oil price to sharply drop again or, conversely, to stabilize. It seems to me that this price level is quite acceptable for American producers.
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As for the ruble, it is within its value range. And I don’t think there will be any significant movements either up or down.
#Ruble #Economy of Russia #Economy #Russia