Russia Says Ruble Appreciations Poses No Threat to Fiscal Policy

Russia Says Ruble Appreciations Poses No Threat to Fiscal Policy
Russian ruble coin is seen in this illustration taken on April 7, 2022. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

The recent sharp strengthening of the ruble “does not pose a risk to Russia’s fiscal policy,” the finance ministry said on Thursday.

The ruble firmed sharply in Moscow trade on Thursday to levels last seen before Russia sent tens of thousands of soldiers to Ukraine.