Weak Russian currency will help the country’s budget

19.02.2021

Rising oil prices and a weak ruble can help the Russian budget receive an additional $33 billion, analysts at Sova Capital calculated.

Commodity prices rose in price at 25 percent this year, with the result that Russia is currently receiving as many rubles per barrel of Brent as it has not received since mid-2019. If the cost remains high, it will allow the country’s budget to receive an additional 2.3 percent of GDP.

Additional funds can go to social needs. It will help to cope with the growth of public discontent, the newspaper writes. However, the plans will not become real if oil prices fall.