Violent thunderstorms leave four dead in Moscow— sourceWorld May 29, 16:59
Russian rocket artillery to be rearmed with upgraded launchers by 2020Military & Defense May 29, 16:44
Russia to begin trials of new military transport plane in late 2017Military & Defense May 29, 16:18
Putin and Macron hold their first meeting in VersaillesRussian Politics & Diplomacy May 29, 15:58
Putin arrives in France for first meeting with MacronRussian Politics & Diplomacy May 29, 14:58
Romano Prodi believes G7 takes back seat without Russia and ChinaWorld May 29, 14:24
War on terror to top Putin-Macron talks agenda — KremlinRussian Politics & Diplomacy May 29, 14:16
Kiev's intelligence agency raids Yandex offices in UkraineWorld May 29, 14:11
Diplomat says Montenegro playing 'Russian interference' card as excuse for NATO membershipRussian Politics & Diplomacy May 29, 14:00
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.