08:23 GMT27 February 2020
Listen Live
    Politics
    Get short URL
    0 54
    Subscribe

    According to the Russian Economic Development Minister, a possible exit of the UK from the EU won't affect global market.

    TASHKENT (Sputnik) — Global and Russian markets have already taken into account all the possible risks of United Kingdom (UK) exit from the European Union (EU), known as Brexit, Russian Economic Development Minister Alexei Ulyukayev said Thursday.

    "I believe that the markets have already taken under consideration the possible volatility and all the risks are taken into account. So I do not see any more risks," Ulyukayev said.

    According to him, no sharp drop in oil prices or the ruble value should be expected to follow a possible Brexit, although "no one will tell you exactly [what the Brexit influence might be], it is impossible to assess that."

    "Firstly, if this [Brexit] happens, the process itself will be delayed for many years, for a long period. Secondly, there can be different forms of relationship between the remaining 27 countries and the country that leaves. It is very difficult to imagine the final configuration of it all. And from it, of course, everything else will depend to a great extent," Ulyukayev noted.

    However, he expects that voters in the United Kingdom will choose to stay in the European Union.

    Ulyukaev said that he believed that "supporters of UK stay in the EU will win with a little difference."

    On Thursday, the British public are voting on a referendum on whether their country should stay in or leave the European Union. The referendum was scheduled after UK Prime Minister David Cameron and the leaders of the 27 EU member states agreed in February to grant the United Kingdom a special status within the bloc.

    Related:

    US Presidential Hopeful Trump Arrives in Scotland Amid Brexit Referendum
    London Ex-Mayor Boris Johnson Says Brexit May Be Turning Point in History
    Cameron, Corbyn, Scottish First Minister Cast Ballot in Brexit Referendum
    Tags:
    Brexit, Alexei Ulyukayev, Russia, United Kingdom
    Community standardsDiscussion
    Comment via SputnikComment via Facebook