Rosneft signs offtake contract with Kurdistan regional government of IraqBusiness & Economy February 21, 10:15
Defense Ministry reports fifth S-400 regiment put on combat duty in Moscow regionMilitary & Defense February 21, 10:02
UN chief calls late Ambassador Churkin 'uniquely skilled diplomat'World February 21, 8:01
Vitaly Churkin’s sense of humor will be remembered by his UN colleagues — Ban-Ki-moonWorld February 21, 7:59
People bringing flowers to Russian Foreign Ministry in memory of late Ambassador ChurkinRussian Politics & Diplomacy February 20, 23:55
US envoy to UN pays tribute to Churkin’s ‘great skill’ in advocating Russia's positionWorld February 20, 23:29
Energy minister says Russia outpaces its February schedule of oil production cutBusiness & Economy February 20, 23:02
Russian UN envoy Vitaly Churkin’s death is big loss for Russia, premier saysRussian Politics & Diplomacy February 20, 22:52
Colleagues mourn Russia's ambassador to UN as 'diplomatic giant and wonderful character'World February 20, 21:58
ST.PETERSBURG, June 18. / TASS / The government understands need to maintain the dollar value against the ruble at certain level, said Russian President Vladimir Putin at the meeting of the heads of industrial enterprises at the St. Petersburg International Economic Forum on Thursday.
"I must say that the government supports this thesis, that you have now formed," said President Putin in a reply to the request by the head of an export-oriented enterprise to support the dollar at a high level for the next 2-3 years.
President Putin said that in the recent years some currency fluctuations with the ruble have occurred, and they have been multidirectional. But "it's all in the market area," he said.
While speaking about the government's position, President Putin said that "we all understand everything but what is important is not to overdo it. The excessive weakening of the national currency has its negative components". However, the "exchange rate difference is more potent and works more efficiently than budget support" for the real, export oriented production, the president said.