Skip to content!

"The Price of Oil Is Having a Stronger Impact on the Ruble's Exchange Rate Than Are the Sanctions": Seven Questions to Konstantin Kholodilin

Interview of October 28, 2015

Mr. Kholodilin, how has the value of the ruble changed over the past few years?

The exchange rate of Russian ruble has dropped considerably. In 2013, one euro was worth roughly 40 rubles; now, one euro is worth around 70 rubles. This devaluation is much stronger than it was during the Great Recession of 2008–2009.

This interview with Konstantin Kholodilin is published in DIW Economic Bulletin 44/2015 (PDF, 98.6 KB).
More issues of DIW Economic Bulletin
keyboard_arrow_up