Russia's First Deputy PM: ruble is too strong now

Russia's First Deputy PM: ruble is too strong now

The ruble rate is too strong now and the rate of 70-80 rubles per dollar is balanced, First Deputy Prime Minister Andrey Belousov said in an interview with TASS.

"The ruble is too strong with us. 55-60 rubles per dollar is the excessively strong rate. Especially amid deflation and high interest rates," the official said.

"The rate from 70 to 80 rubles per dollar is the balanced one, comfortable for our industry," Belousov added.

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