Putin and Erdogan give positive assessment to joint efforts in Astana processWorld October 21, 3:03
Privileges to certain languages in Ukraine’s education law to worsen situation — diplomatRussian Politics & Diplomacy October 20, 21:46
International balance of forces in Syria after Raqqa’s liberation unclear yet — expertMilitary & Defense October 20, 21:05
Russia to resume import of aubergines, pomegranates from Turkey since October 30Business & Economy October 20, 20:18
International station to orbit Moon at 70,000 km distance from EarthScience & Space October 20, 20:09
US indulging in lies to have UN-OPCW mission’s mandate extended — Foreign MinistryRussian Politics & Diplomacy October 20, 19:31
This week in photos: Diplomatic kiss, Paddington's dance and French bank in flamesSociety & Culture October 20, 17:46
Scientific team unlocks secret to supercaps’ vast capacity as ‘the battery of the future’Science & Space October 20, 17:40
Russian economy’s losses from cyber threats may surge fourfold in two yearsBusiness & Economy October 20, 16:52
SOCHI, April 22 (Itar-Tass) - The Russian Minister of Economic Development Andrei Belousov voiced concern about the strengthening of the rouble.
“I voiced concern, which is quite obvious and which is that if we take 2007 as the baseline, the rouble has strengthened by about 20 percent,” he said after an economic meeting with President Vladimir Putin on Monday, April 2013.
“This tendency continues,” he said, adding that this tendency was also registered in the first quarter of the year.
“Moreover, the risk of rouble’s strengthening increases against the background of slow currency wars in the world,” he said.
There are a number of countries that are devaluating or weakening their national currencies. These are developing countries and industrialised countries, including Japan and the Euro zone.
“Devaluation is a rather sensitive thing. For example, the weakening of the Euro will automatically lead to the strengthening of the rouble, other conditions being equal,” Belousov said.
He noted that the European market is an important market for Russia.