16:45 GMT +317 December 2017
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    The Dramatic Fall of the Rouble and Russia’s Energy Shift to the East

    Business Weekly
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    Madina Kochenova
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    Radio VR is looking into this week’s major economic events together with Radio VR’s presenter Dmitriy Vostok as well as expert Michael Ingram, a London-based market analyst for BGC Partners.

    Radio VR is looking into this weeks major economic events together with Radio VRs presenter Dmitriy Vostok as well as expert Michael Ingram, a London-based market analyst for BGC Partners.

    The number one news that made this week was the dramatic fall of the Russian currency, the rouble has set new record lows against both the dollar and the euro. However right the end of the week the Russian currency exchange rate bounced back 2 per cent.

    Next we take a look at the falling global oil price that is also among the factors pressing the rouble down and adding the overall volatility to the markets.

    Energy security remains to be among the top concerns around the world, as Russia continues to shift its energy focus towards the Asia-Pacific region. Russia and China have agreed a number of aspects in a second gas pipeline to China, the so-called western route.

    And finally we touch upon some macroeconomic data that has come in from the US, the freshly issued unemployment figures, something that possible will be a factor in the early Monday morning trade.

    Tags:
    ruble, economy, China, Russia
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