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Ruble exchange rate stabilizing at 90 rubles per dollar acceptable for economy

According to First Deputy Prime Minister Andrey Belousov, the completed work allows to progress from operational solutions to present difficulties to strategic challenges

MOSCOW, December 21. /TASS/. The ruble exchange rate stabilizing at the level of 90 rubles per dollar is acceptable for the Russian economy and indicates that it has reached an equilibrium between imports and exports, Russia’s First Deputy Prime Minister Andrey Belousov said on Thursday.

"In general, we can say that the Russian economy has found a point of equilibrium between exports and imports. Evidence of this is the stabilization of the exchange rate around 90 rubles per dollar, which is acceptable both in terms of exports and the country’s consumer and investment markets," he said.

According to Belousov, the completed work allows to progress from operational solutions to present difficulties to strategic challenges.

"In accordance with the Russian President’s instructions, we are completing the development of Russia’s strategy for the development of foreign economic activity until 2030. The strategy's goal is to establish Russia as one of the world's leaders, implementing its own national development program and ensuring economic, financial, and technical sovereignty," Belousov said.