Nabiullina: dependence of ruble on oil prices declines

The Bank of Russia does not expect serious shocks on the Forex market in any economic development scenario, the Chairperson of the Russian Central Bank Elvira Nabiullina said.

"We do not expect any serious shocks in any scenario of the economic development]. This is because the floating rate is, so to say, a shock absorber for external shocks," TASS cited her as saying.   Dependence of the national currency on oil prices movement has become much lower for the time being, Nabiullina added.