Lower oil prices to have long-lasting impact: Russian central bank
[MOSCOW] Lower oil prices will have a long-lasting impact on Russia, Central Bank First Deputy Governor Ksenia Yudayeva said on Monday.
The Russian economy is forecast this year to slip into recession for the first time since the aftermath of the global financial crisis in 2009, hit by declining crude prices and sanctions imposed on Moscow over its role in the Ukraine crisis.
The rouble is trading around 40 percent down against the dollar compared to mid-2014.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Gold edges down as Middle East worries ebb
Oil rises as dollar slips, focus shifts to economic data
California to wrap up ExxonMobil plastics probe ‘in weeks’, AG says
Gold edges higher; hovers near one-week low on tempered Middle East fears
Why has gold’s inverse relationship with the US dollar reversed?
Oil futures fall as fears of a wider Middle East war fade