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Oil on Troubled Waters

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Some economists believe that Russia's currency depends on oil prices. Ok, but what will they say now that Russia is set to launch test trading of its new... 12.11.2015, Sputnik International

2015-11-12T16:47+0000

2015-11-12T17:39+0000

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Oil on Troubled Waters

16:47 GMT 12.11.2015 (Updated: 17:39 GMT 12.11.2015)

Some economists believe that Russia's currency depends on oil prices. Ok, but what will they say now that Russia is set to launch test trading of its new domestic-produced benchmark oil?

It is expected to drive up the price for Russian oil and end its dependence on Brent pricing. That may result in trading Russian oil in rubles.

So, dear economists, what is your prognosis for Russia's currency now?