The Russian leadership is discussing measures to ensure that the strengthened national currency, the ruble, does not pose a risk to its own economy. The strong ruble is already having a negative effect on export-oriented sectors in particular, Economics Minister Maxim Reschetnikov said, according to the Interfax news agency. It is to be feared that Russian companies will therefore invest and produce less in the future. Mechanisms to stabilize the course would be examined next week, said Finance Minister Anton Siluanov. One of the reasons for the strength of the ruble is the high price of oil.
Russia – Ruble is getting stronger – Economy
