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Russian Audit Chamber: Russia should not and fix the rouble rate amidst external sanctions

October 19, 2014, 6:48 UTC+3 MOSCOW
“It seems that this is the way into nowhere. It is fraught with greater economic downturn and restriction of competition,” Golikova said
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MOSCOW, October 19 /TASS/. Tatyana Golikova, the head of the Russian Audit Chamber, said in an interview with the TV-Center on Saturday that Russia should not shut its economy and fix the rouble rate amidst external sanctions.

“It seems that this is the way into nowhere. It is fraught with greater economic downturn and restriction of competition,” Golikova said commenting on the proposal of presidential adviser Sergei Glaziev that the rouble rate should be made fixed for several years.

Golikova said that Russian countersanctions against Western countries did not mean that the state wanted to re-orient the Russian economy to development in a closed system.

"It would be wrong to put the question this way. We should not withdraw into ourselves,” Golikova said.

“The sanctions concern a limited group of countries. The rest of the world has not imposed any sanctions on Russia while Russia, in turn, has not imposed any sanctions on them,” Golikova stressed.

At the same time, she believes that the Russian food sanctions should stir up the development of domestic branches of economy.

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