The Bank of Russia lowered the official rate of the dollar and the Euro

Photos: Moscow 24/Nikita Simonov

the Central Bank has set the official exchange of currencies on Tuesday, April 7.

the Euro fell to 3.1 rubles – to 82.63 of the ruble, the dollar fell to 1.32 ruble – to 76,40 ruble, according to the regulator’s website.

the Value of the currency basket (0.55 dollars and 0.45 euros) decreased in comparison with an indicator of a working week, and Monday, April 6, at 2.12 ruble, making the ruble 79,20.

the Price of Brent crude oil fell more than 9 percent, the cost of raw materials now is 31.69 dollar per barrel. The price of futures on WTI fell by 10.39 per cent to 25.96 per barrel.

Vladimir Putin has said that Russia may reduce oil production in the order of 10 million barrels per day, but this process needs to be “partnership”.

He also expressed the view that Riyadh is trying to get rid of competitors specializing in shale oil production. The Russian President stressed that this requires a reduction in the price of black gold to below $ 40 per barrel.

Saudi Arabia has denied this. The Ministry of foreign Affairs noted that the production of shale oil is an important energy source.

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