Blame it on the barrel: oil price volatility held responsible for momentary slump in Russian currency, stock value

12.08.2019

The Russian rouble fell on Friday after a recent slump in oil prices, before a decision by Fitch on Russia’s sovereign ratings later in the day.

Fitch has rated Russia’s debt at BBB- with a positive outlook since 2017, and analysts doubt that it will raise the rating now amid global...