OREANDA-NEWS. March 03, 2011. A press-conference was held on the topic “How Much Ruble is: Prospects of Russian Currency”. Igor Nikolaev, Director of FBK Strategic Analysis Department and Sergey Moiseev, Director of the Center for Economic Research of Moscow Financial and Industrial Academy, reported the press-centre of FBK.

Commenting upon the situation with the national currency rate Igor Nikolaev drew attention to the fact that according to results of 2010 the ruble rate almost has not changed while for the same period the oil prices increased by 25-30%. Thus, according to the expert, dependence of the ruble rate on situation on the oil market is doubted.

According to the economist the ruble rate may remain stable in the beginning of the year, but by the end of year we will evidence noticeable decrease of the ruble rate. “At the end of 2011 we are quite likely to see the ruble rate at the level of 33 rubles for one dollar and 45 rubles for one euro. At worst the ruble rate will weaken down to 35 rubles for one dollar”, Igor Nikolaev concluded.