… Spoke about the future of the ruble

Maxim Oreshkin

The ruble is stable and its course will not collapse, neither in this nor in the following year. This was stated by the Minister of economic development of Russia Maxim Oreshkin in an online interview “to the Newspaper.ru”.

“The ruble is trading around where it should be trading on the basis of our model estimates and the level which is necessary for balancing the balance of payments”, — said the Minister.

He also underlined that does not doubt the growth prospects of the Russian economy. Under the baseline scenario of the forecast of economic development of the country’s GDP in 2018-2019 to increase by more than two percent. “The target script, which we will try to achieve in implementing different types of changes — more than three percent by 2020,” said the official.

In August. said it expects a milder weakening of the Russian currency than previously estimated: at the end of this year the dollar will cost 63 rubles instead of 68 rubles.

According to the forecast of Ministry of economic development, the average weighted dollar in the current year will amount to 59.4 rubles. The Ministry expects that in 2018, the U.S. currency will cost 64.7 ruble, in 2019 — 66,9 rubles in 2020-m — 68 rubles.