Translated material
Mayor: the ruble will be stable, the price of oil will fall
The ruble exchange rate will be stable, but the price of oil can be sunk by the end of the year, the deputy minister of economic development Andrei Klepach said today.
Oil prices by the end of the year may drop below $ 100 per barrel.
“I think that by the end of the year - the beginning of the next there is a high probability that oil will be below $ 100,” the deputy minister said . At the moment, the official forecast is maintained (the barrel of oil in 2014 should cost $ 101), however, according to Klepach, "there is a significant probability that the price of a barrel will be slightly lower."
There are no prerequisites for a significant weakening of the ruble course in the short term. But for strengthening - also not.
“At the same level of oil prices and the conjuncture that is, there are no special conditions for a significant weakening of the ruble exchange rate in the short -term plan,” Klepach said , adding that he does not see the conditions for strengthening the ruble. According to him, today's decrease in the national currency is associated with the perception of some statements, and not with any objective reasons.
And the climate improvement can be seen in three to five years , assured the head of the Ministry of Economic Development Alexei Ulyukaev.
“At once the result will not be visible here, unlike a fiscal or monetary nature. <...> Here the result is laid for years - and is valid for years. I believe that this is a reasonable task for three to five next years. <...> We are talking about economic institutions, a judicial system, legal order in the country, this also applies to the structure of the economy, ”he said.
The newly -appointed minister designated the notorious improvement of the investment climate as one of his key tasks.
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