26 Mar, 16:35

Russian Finance Ministry expects growth of import volumes

Ruble strengthening or weakening definitely influences economic agents, Finance Minister Anton Siluanov noted

MOSCOW, March 26. /TASS/. The Russian Finance Ministry expects growth of import volumes in conditions of ruble appreciation, Finance Minister Anton Siluanov said in an interview with the Rossiya-24 TV Channel.

"Ruble strengthening or weakening definitely influences economic agents. Assume that the weak ruble is convenient for exporters. The strong ruble, on the contrary, for those buying import products. We accordingly expect in strong ruble conditions that volumes of import purchases and import supplies will grow," Siluanov said.

"Accordingly, the ruble rate will level up as compared to our expectations that we set in macroeconomic forecasts," the minister added.

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