Kudrin: oil prices may continue to decline for several months

Oil prices can remain on the current level for several months after a recent decrease, Head of the Russian Audit Chamber Alexei Kudrin said.

"I think that this is a temporary decline. It may last for several months," he noted. "I think that they will remain close to the current level, the prices will remain," PRIME cited the official as saying.

Kudrin added that the oil price volatility can influence the ruble rate.