Russia Says Ruble Appreciations Poses No Threat to Fiscal Policy

By Reuters
Reuters
Reuters
April 8, 2022 Updated: April 8, 2022

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.

The appreciation of the ruble “impacts oil and gas revenues … but it’s too early to give any specific assessment now,” the ministry said in response to a Reuters request for comment.

Reuters