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Russia will see lower inflation and a smaller budget deficit if OPEC and non-OPEC oil producers agree to extend a production cut deal. Economy Minister Maxim Oreshkin said on Monday. Russian news agency reported.
Inflation may slow below the year-end forecast of 3.8 percent. while the deficit could shrink to below 2 percent of gross domestic product from the initially targeted 3.2 percent. Oreshkin said.
The ruble could end the year at 62-63 versus the dollar. Oreshkin said. Previously. he said the ruble rate could average 67.5 versus the dollar this year.
