Russian economic minister speaking at Davos 20 Jan
- more concerned about global oil demand falling due to slowing economy
I make him right on those concerns.
- sees Russian economy growing 2% in 2017 if no external shocks.
- central bank could start buying foreign ccy to sterilise excessive budget revenues above $40 per barrel
No further detail as to how they might go about that but one for our rouble traders to keep an eye on.
