Russian ruble: stay short, stay safe
My chart shows the price of Brent oil measured in Russian ruble. As you can see the devaluation of Russian currency proceeds in line with the falling price of crude. Oil and gas income accounts for over 50% of federal budget revenue in Russia. Therefore weaker ruble is necessary to offset the effect of lower oil prices. That way pensions will get paid even when oil trades at $30.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.