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Russia hit with oil prices

Russia hit with oil prices

The Russian market is under pressure of reductions in oil prices - a barrel of Brent crude on Wednesday almost reached 49 USD, which is the lowest level since May 2009.

This situation makes ruble weaker all the time. Yesterday the Russian currency weakened by almost 3 percent against the dollar. Russia can meet a serious problem because it may not cover the cost of foreign debt repayment, if the government will take over the big corporations debts.