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Russia’s Finance Minister does not expect serious changes in ruble rate

May 13, 19:06 UTC+3 MOSCOW
Finance Minister Anton Siluanov says in the current conditions the balance won’t be changing seriously
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© Sergei Konkov/TASS

MOSCOW, May 13. /TASS/. Russia’s Finance Minister Anton Siluanov does not expect significant changes in ruble rate in the current situation.

Speaking about the national currency rate in an interview with Rossiya 24 TV channel he said:

"I think that in the current conditions the balance (equilibrium) that occurred won’t be changing seriously."

The Minister also said that today the national economy has mainly adjusted to the new conditions. Siluanov stressed that recently the West stopped forecasting the collapse of the Russian economy amid sanctions.

"Remember, Americans used to say that sanctions will make our economy collapse. Now there are no more statements like this," he added.

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