IS THERE THE WAY OUT OF THE DARK: THE FUTURE OF THE RUSSIAN ECONOMY

... supply of oil exceeds demand for at least 1 million barrels per day. Making matters worse, the elimination of sanctions from Iran, will lead them to supply solid amount of additional oil to the world market. This will clearly push the prices of oil down.... ... Even, if the oil prices would stabilize in the next coming year, the ruble would not necessary strengthen. Apart from oil, ruble exchange rate is dependent on active ruble mass, which can be mathematically connected to inflation. In such a manner, when ...