Russia Ruble Strengthened More Than Expected, Says Putin

MOSCOW (Reuters)–The Russian ruble has strengthened more than expected, but Russia will continue shielding the currency from excessive fluctuations, Prime Minister Vladimir Putin said on Tuesday.

‘The ruble has seriously appreciated, more than we expected,’ Putin said. ‘We will continue to follow a responsible currency policy, not allowing sharp fluctuations of the national currency.’

Putin added that the peak in unemployment growth in Russia had passed and that this year’s budget would be safe even if the recent appreciation trend in oil prices does not last.


Related posts

Discussion Policy

Comments are welcomed and encouraged. Though you are fully responsible for the content you post, comments that include profanity, personal attacks or other inappropriate material will not be permitted. Asbarez reserves the right to block users who violate any of our posting standards and policies.