… Announced the weakening of the ruble in II-III quarter

… Announced the weakening of the ruble in II-III quarter


Moscow. April 21. The balance of payments of the Russian Federation significantly reduced in the II-III quarters that will lead to the weakening of the ruble, said the head of Ministry of economic development of the Russian Federation Maxim Oreshkin reporters on the sidelines of the Krasnoyarsk economic forum.

“Was a seasonal strong balance of payments, was capital inflow in the first quarter. This led to the deviations. What we expect – the second-the third quarter – the balance of payments will be significantly worse than the ruble naturally adjust,” said Oreshkin about their expectations of the dynamics of the exchange rate.

He recalled that the Ministry laid down in the basic variant of the forecast weakening of the ruble to the end of 2017 to 68 rubles to the dollar by reducing the price of oil to $40 per barrel. If oil prices remain at the current level, in the opinion of the Minister, the dollar at the end of the year will cost 62-63 of the ruble.

Last week Oreshkin said that the decline in oil prices to $40 per barrel by the end of 2017 that is inherent in the base forecast of Ministry of economic development, the ruble weakened to about 68 rubles per dollar and the current oil prices will lead to a weakening of the ruble to the end of 2017 to approximately 62 rubles per dollar.

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