Even if oil price falls further, ruble to decline more slowly than in recent days

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Even if oil price falls further, ruble to decline more slowly than in recent days - Ignatyev

MOSCOW. June 1. (Interfax) - Even if the price of oil falls further, the ruble will weaken at a slower pace than it has in recent days, Chairman of the Central Bank of Russia (CBR) Sergei Ignatyev said at a Friday press conference.

If the price of oil stops declining, the ruble could even grow, he said.