Russian Economic Development Ministry: new US sanctions not to affect ruble exchange rate

Russian Economic Development Ministry: new US sanctions not to affect ruble exchange rate

Russian Economic Development Ministry does not expect any drastic changes after the expansion of US sanctions against Russia, the head of the department Maksim Oreshkin said.

"We have a floating exchange rate, fluctuations are always in place, that is why certain changes are possible, though we do not expect anything extraordinary," Oreshkin said.

He noted that the move will not require any adjustments in the macroeconomic outlook either, since it is in line with the ministry’s projection of lower capital flows in the second half of this year.

"When we presented the previous version of the outlook in April, we said that we expected the situation with capital flows to worsen in general in the second half of the year. In principle, the situation is in line with this background, which is why we don’t see any drastic changes here," TASS cited him as saying,

7310 views


    Vestnik Kavkaza

    in Instagram

    Subscribe



    Populars