Where is the ruble headed this year? The outlook is particularly unclear as both oil prices and the Kremlin’s economic strategy remain volatile. At the same time Russia is about to adopted a long-term economic reform strategy, but there is a big debate within the Kremlin on which direction is best for the country. The choice boils down to prudence or crony capitalism, argues Sergey Guriev, the EBRD’s chief economist and one time political exile from Russia.
Ben Aris, editor-in-chief, bne IntelliNews
Sergey Guriev, chief economists at the EBRD