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Russia: Why 63 Is an Important Number These Days

Russia: Why 63 Is an Important Number These DaysThe grim joke in Moscow these days is that oil, the ruble and Putin are all headed for 63 next year.That’s oil down to $63/barrel, the ruble plummeting to 63/dollar, and Putin turning 63 years old.That joke was ruined today as the price of a barrel of benchmark Brent crude flew past $63 and is already around $62.59.The ruble isn’t far behind.US Embassy in Moscow Faces Cold War-Era HarassmentToday, it passed 57 to the dollar for the first time ever, down nearly 8% just this week and over 40% this year. Even a steep interest hike has done little to slow the ruble’s collapse. …

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