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Russian Oil Producers Care More About Rubles Than Barrels - Bloomberg

Bloomberg

Russian Oil Producers Care More About Rubles Than Barrels
Bloomberg
That's because the ruble's 12 percent gain this year against the dollar transmits more directly to earnings than the oil-price windfall, which largely ends up swelling the Kremlin's coffers, according to Ildar Davletshin, an analyst at Renaissance Capital.

Admin 17.06.2016 0 56
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