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Brexit to result in fluctuations on global markets — Russian deputy PM

The deputy PM notes Brexit will not influence on the ruble rate through oil prices

© AP Photo/Eugene Hoshiko

ST. PETERSBURG, June 24. /TASS/. Brexit will lead to fluctuations on global markets but they will stay afloat, Deputy Prime Minister Arkady Dvorkovich said on Friday.

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"All will stand afloat but fluctuations will certainly take place," the official said.

Dvorkovich went on to say that Brexit will indirectly influence on the ruble rate through oil prices.

"The ruble depends on oil and oil - on Brexit; this is indirect influence," Dvorkovich said.

According to the deputy PM, Brexit will not lead to changes in official economic forecasts the Russian government made for 2016, including the oil price.

"No (it won’t lead to adjustment), we have a very conservative forecast - 40 (dollars per barrel)," said Dvorkovich.

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