Ruble Drops as Nabiullina Warns on Russia's Crude Oil Dependence

Updated on
  • Brent fell 5.3% on Monday, biggest drop in more than 1 month
  • Finance Ministry offering 1st linkers since July in auction

Will Russia Cut Rates as Inflation Slows?

The ruble had its longest streak of declines in a month after crude slumped and as Russia’s central bank Governor Elvira Nabiullina warned the currency is too dependent on oil-price swings.

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