Financial security
Ruble Strong: Russian Currency No Longer Reacts to Oil Prices, Foreign Debt
The ruble has grown by 13 percent since the beginning of the year, and has found a new point of balance as it no longer reacts to falling oil prices or foreign debt payments, Russia's Finance Minister said.
The ruble has grown by 13 percent since the beginning of the year, and has found a new point of balance as it no longer reacts to falling oil prices or foreign debt payments, Russia's Finance Minister said.
The ruble no longer reacts to the oil price, the
fall of which led to a drastic devaluation of Russia's currency
in late 2014, Russian Finance Minister Anton Siluanov announced
on Saturday.
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