To strengthen the ruble exchange rate, an increase in the volume of Russia’s non-resource exports is required. This opinion was expressed by Oleg Savchenko, Deputy Chairman of the State Duma Financial Market Committee, in a conversation with socialbites.ca.
According to him, such a measure will increase the sale of foreign currency earnings in the domestic market. The MP explained that he had in mind the broadest possible list of procurement categories.
“We are talking about almost all categories of non-resource exports, including grain and cars,” Savchenko explained.
The parliamentarian noted that prohibitive measures, including restrictions on withdrawals from accounts in Russian banks and restrictions on withdrawing capital from abroad, appear to be less effective.
The previous day, Russian President Vladimir Putin instructed the government and the Central Bank of the Russian Federation to take measures to strengthen the ruble exchange rate. He called this a “major factor” playing a role in rising prices. The head of state explained that inflation is now the main problem of the domestic economy.
More details material “Newspapers.Ru”.
Previously “socialbites.ca” saidThis is what was responsible for the sharp strengthening of the ruble exchange rate last week.
Source: Gazeta
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