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Trade balance leveling to be stabilizing for ruble rate — Economy Ministry

"To stabilize the ruble rate, the government on the instruction of the President took extra measures limiting the withdrawal of foreign currency and supporting its return to the internal currency market," it added

MOSCOW, October 25. /TASS/. Trade balance leveling will have a stabilizing effect for the ruble rate, the Russian Ministry of Economic Development told TASS.

"According to the assessment of the Ministry of Economic Development, fundamental factors will influence the ruble rate dynamics. This is primarily associated with the trade balance and the services balance that will recover," the ministry noted.

"To stabilize the ruble rate, the government on the instruction of the President took extra measures limiting the withdrawal of foreign currency and supporting its return to the internal currency market," it added.

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Trade & Cooperation

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