Russia’s Central Bank Gov. Elvira Nabiullina says the economy will grow even if the price of oil moves back toward $40 per barrel. Photo courtesy of the Central Bank of Russia Feb. 9 (UPI) — The Russian economy will be on the positive side of growth even if the price of crude oil falls to $40 per barrel, the Central Bank of Russia said. Central Bank Gov. Elvira Nabiullina said Thursday the Russian economy stands to exhibit growth this year. The number of economic sectors expected to expand this year is not much greater than those in contraction, but losers are outnumbered. Much of the strength depends on the price of crude oil, however. “We will be in the positive zone in any scenario, even with $40 per barrel,” she was quoted by Russian news agency Tass as saying. A November forecast from the International Monetary Fund found the […]