Ministry of Finance considers current ruble as fair
Read on the website Vestnik KavkazaTaking into account the current level of oil prices, today's exchange rate can be described as fair, Deputy Finance Minister Maksim Oreshkin noted in an interview for Russia-24.
"There is a very clear correlation between the level of oil prices and the ruble exchange rate to the dollar during the last 9-12 months. The elasticity is not one to one: a fall in oil prices leads to a weakening of the ruble. The dependence is quite clear,'' Tass cites him as saying.