Kremlin cautiously watches currency and oil prices fluctuations

Oil prices have fallen to the lowest level in the past seven years. Currently, oil is traded at $38 per barrel.

This causes concerns in the Kremlin, official spokesman for the Russian president, Dmitry Peskov told reporters, Pravda.Ru reports.

Peskov added that the President's Office monitors fluctuations in exchange rates and the stability of the Russian ruble against the background of negative trends on the oil market.

"Of course, these currency fluctuations cause concerns, and, of course, we are watching this very closely," Dmitry Peskov said.

Noteworthy, the meeting of the Committee of the US Federal Reserve System is expected to set year-end trends on the oil market today. Should the committee raise the benchmark interest rate, the decision will greatly affect oil exporting countries.


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