The last week of spring will not be the time for the Russian ruble to make a breakthrough, according to TeleTrade Chief Analyst Petr Pushkarev.
The economist notes that in late May the ruble got stronger; however, this growth was abruptly stopped by another fall in oil prices. The oil rates went down into the range with the lower limit of $33.5 per barrel, Rossiyskaya Gazeta reports.
The recovering demand for hydrocarbon fuels was overestimated and this is what stopped the oil prices from growing. Therefore, in the short term, the US dollar will not go below RUR 69 while euro may reach RUR 80. Petr Pushkarev argues that the ruble will not grow in the near future.