Expert says Russia is in currency war

 

Analyst Benedict Willis of Princeton Securities said that the weakening ruble was a result of the currency war the West had started against Russia. In his words, the falling oil prices were part of the war, TASS reports.The expert said that oil prices could fall to $40-49 per barrel, as admitted by OPEC. He believes that many companies can survive even a price of $30 per barrel.

 

Analyst Benedict Willis of Princeton Securities said that the weakening ruble was a result of a currency war the West has started against Russia. In his words, the falling oil prices were part of the war, TASS reports.

The expert said that oil prices could fall to $40-49 per barrel, as admitted by OPEC. He believes that many companies can survive even a price of $30 per barrel.