The Minister of economic development Alexei Ulyukayev believes that the ruble against the dollar will find a new balance in the hallway due to the fact that a new balance will come out of oil prices.
“But it seems to me that the base is 60 plus. In my opinion, today we are already involved in this area. Maybe now still for a short time. Again popped up in the area 70 plus. Then we will return. And base, I believe that there will be 60 plus”, — said the Minister in interview to the program “Vesti on Saturday with Sergei Brilev” on TV channel “Russia 1” (quoted by “Interfax”).
The speaker also believes that the future oil prices will long stay in the corridor from $45 to $55 per barrel. “I believe that the oil markets by the end of this year, will find a new balance. It’s somewhere around $50 per barrel, $45-50, maybe $55 per barrel. This is a reasonable corridor, which, from my point of view, the oil will remain for a long period of time, he said. — Probably, we and will do. And it was an entirely new balance. This means that much more currency will remain. So she will be sold for rubles. So, the ruble, is likely to be stronger than we expected,” said Ulyukayev.
The Minister also reminded that the current baseline forecast, as the country’s budget, based on average annual prices for Urals oil at $50 a barrel, but it will be revised downward.
In early March, the Russian public opinion research center published research data, according to which the Russians expect dollar exchange rate growth. According to respondents, by late spring the dollar will cost 84 rubles, and a year — 83 rubles According to the Central Bank, the actual value of the exchange rate at the time of the survey was 77 rubles per dollar.
The maximum value for the dollar in 2016 showed January 21st, then on the Moscow stock exchange for one dollar gave 85,99 ruble. Since then the ruble has appreciated. Last trading on the exchange on Friday, March 18, closed at 68,389 RUB.