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Greek crisis to devalue ruble — former Russian finance minister Zadornov

July 06, 2015, 19:56 UTC+3 MOSCOW
According to Zadornov, the Greek crisis is a signal to a lower demand for oil assets
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© Sergey Konkov/TASS

MOSCOW, July 6. / TASS / The crisis in Greece could devalue the ruble and lower the demand for oil assets, former Russian Finance Minister and VTB 24 Chairman Mikhail Zadornov said in an interview with Russian TV channel Rossiya 24 on Monday.

"The Greek crisis will certainly devalue the currency in Central Europe, the Polish currency, the Czech, the Balkan countries, where there is a strong presence of Greek banks, and of course the ruble. That means, that the ruble will depreciate during this time, just like all the other currencies that are not part of the Eurozone, with the exception of the dollar," Zadornov said.

According to Zadornov, the Greek crisis is a signal to a lower demand for oil assets. "This can reduce the global oil prices, along with the possible agreement between Iran and the five permanent UN Security Council members and Germany, on the Tehran nuclear dossier.

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