Kudrin forecasts a slight weakening of the ruble to the end of the year

© RIA Novosti / Vitaly to Belowaverage in fotobelka Kudrin. Archival photoKudrin forecasts a slight weakening of the ruble to the end of the year© RIA Novosti / Vitaly to Belowaverage the image Bank

Ex-Finance Minister, Chairman of the Board of the Foundation CSR Alexei Kudrin forecasts a slight weakening of the ruble to the end of the year to slightly more than 60 rubles to the dollar.

«Prices (oil – ed.) will seek a new equilibrium level, this occurs in the last two years and will occur one-two-three, so that we can see the difference: and 40 and 55 (per barrel – ed.). This and that and the other price we must prepare…. If the current level of $ 56-57 per barrel, a little ruble will weaken by year-end and be a little more than 60 rubles per dollar», — said Kudrin in interview to the program «Vesti on Saturday».

On Friday evening the July futures for North sea petroleum mix of mark Brent was trading at 52.2 per barrel, WTI is 49.6 per barrel. Official Euro to ruble exchange rate set on Friday, the CBR for the weekend and Monday, rose 65,73 cents, to 63,6689 of the ruble, the dollar increased by 68,59 cents, to 56,756 ruble.

The Ministry expects the average annual exchange rate of the dollar at the level of 64.4 ruble this year. At the end of the year, according to Ministry forecast, the dollar will be worth 68 rubles. But the head of the Ministry Maxim Oreshkin said on may 22 that the MAYOR in June can update the forecast, including inflation, exchange rate and oil price, if oil-producing countries to extend the agreement to reduce production. May 25, OPEC and some countries outside the cartel, have extended the agreement until April 1, 2018.

Kudrin also noted that this year there is economic growth after three years of decline. «The way it will be small, but this is the new trajectory interest in Russia will Wake up,» — said Kudrin.

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