Bank Of Baku

Minister: “Russia is losing $40 bln per year from western sanctions”

Minister: “Russia is losing $40 bln per year from western sanctions”
# 24 November 2014 13:25 (UTC +04:00)

Baku - APA-Economics. Russia is losing $40 bln from western sanctions and some $90 to $100 bln due to oil prices falling per year”, said the Russian Finance Minister Anton Siluanov.  

 

According to his calculations, the capital outflow remained unchanged at $130 bln.

 

“Oil prices fell 30 compared to the beginning of the year. Along with this, exchange rate of ruble also weakened 30%. I’m often questioned about exchange rate of ruble. I answer: follow the oil price”, Siluanov added.

 

 

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