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Ruble and oil: Russia will be saved (?)


“The ruble will rise again in a couple of years”, Putin said during the annual press conference. But it is not clear if it was good news. Two years is enough to mess up the state budget and to make damages for the next years to come. Moreover, the argument that a weak ruble stimulate the Russian economy becomes a mantra. So, what is better?

“The ruble will rise again in a couple of years”, Putin said during the annual press conference. But it is not clear if it was good news. Two years is enough to mess up the state budget and to make damages for the next years to come. Moreover, the argument that a weak ruble stimulate the Russian economy becomes a mantra. So, what is better?

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