The analyst estimated the fall in oil prices amid the collapse of the OPEC + deal

According to the expert, it is not yet clear when oil prices will begin to strengthen, because "the decline is very serious."

She also noted that the price is much lower than the one at which “the budget is balanced”.

“For some time we will live at a lower level of oil prices than expected. Accordingly, the ruble will be cheaper both in relation to the dollar and in relation to the euro, ”said Milchakova.

Oil prices on Monday, March 9, fell more than 30% after the OPEC + meeting, which culminated in Russia's exit from the deal.

As of 07:41 Moscow time, the May futures of the Brent brand fell by 28.69%, to $ 32.28 per barrel, the April futures of the WTI brand - by 31.35%, to $ 28.33 per barrel.