Experts interviewed by Bloomberg evaluated the possible impact of even lower oil prices than those observed at the moment on the Russian economy.
They noted that a level of 22.5 dollars per barrel would be critical. If this is reached, the Russian economy will collapse.
Analysts also predicted the possible actions by the authorities of the country if prices drop to 40 dollars. In this case, the main goal, for which reserves will be spent, will be to support the ruble. They called raising the key interest rate the second priority anti-crisis measure. In addition, the experts do not rule out the possibility of the introduction of measures to limit capital, the establishment of a public administration banking system and the announcement of corporate defaults.
