The speaker predicted stabilization of the oil price by the end of the first quarter


Moscow. January 16. The Minister of economic development Alexei Ulyukayev believes that oil prices will stabilize by the end of the first quarter, then there may be some growth that will lead to the strengthening of the ruble.

“Analysts, and I share this point of view, expects that by the end of the first quarter could lead to stabilization in the oil market,” he told reporters on Saturday in Beijing, where he took part in the meeting of the Board of governors of the Asian Bank of infrastructure investments.

Then, in his opinion, a possible increase in oil prices. “By the end of the year, we expect some recovery of movement dynamics of oil prices and associated gas prices and oil products. We are in the long term, don’t expect any takeoffs, but, of course, the price level will be significantly higher than now”, – said Ulyukayev.

In addition, the Minister recalled that this year the payments on foreign liabilities of Russian companies and banks will be more than twice lower than in the past.

In his view, these factors can lead to the strengthening of the ruble.