Kudrin: The devaluation of the ruble is temporary

Former Russian Finance Minister Alexey Kudrin believes that the sharp devaluation of the ruble exchange rate is temporary (today, the ruble fell to 85 rubles per dollar).

"I think that this is a temporary decline. Of course the ruble will return to certain positions, just as it was in December 2014," he told reporters.

Kudrin also did not agree with the view that the Central Bank is devaluing the ruble deliberately to help the government to compensate for losses from the reduction of income from oil exports, RBC reports.