Brexit to have limited impact on Russia says minister

MOSCOW (AA) – The U.K.’s decision to leave the European Union will have a limited impact on Russia's economy the country’s finance minister, Anton Siluanov, said on Friday.

"However, oil prices will drop and the ruble will weaken due to the Brexit," Siluanov told reporters in Moscow.

Elsewhere, NATO Secretary-General Jens Stoltenberg said the U.K.’s place in NATO would “remain unchanged”.

"The U.K. will remain a strong and committed NATO ally, and will continue to play its leading role in our alliance," Stoltenberg said.

"A strong, united and determined NATO remains an essential pillar of stability in a turbulent world, and a key contributor to international peace and security," Stoltenberg added.

Stoltenberg also said NATO would continue have a "closer cooperation" with the EU.

"At the Warsaw Summit in July, we will step up our cooperation, because together we are more effective in upholding our common values and keeping our nations safe," he said.