Andrei Klepach

Russia earns nothing from expensive oil

Russia earns nothing from expensive oil

Russia's economy has received almost nothing from high oil prices, as all the income was evened by  a net capital outflow, which was intensified as a result of the fear of new sanctions, Chief Economist of VEB development bank …

 Klepach: dollar may cost 63-65 rubles in 2017-2018

Klepach: dollar may cost 63-65 rubles in 2017-2018

If we can reach the level of $50-55 per barrel, the US dollar will drop to 63-65 rubles in 2017-2018, the deputy chairman of Vnesheconombank, Andrei Klepach, said at the 9th Winter Grain Conference. "There is a …