TNBiz (TNBiz)
-  |  June 26, 2011 15:13:46

Russian ruble, according to Minister of Economy major growth potential


Mediafax

STRASBOURG (MEDIAFAX) - Russian ruble, despite the large outflow of capital growth potential, because the current account surplus remains high. Reuters on Sunday said the Russian Economy Minister Andrei Klepach.

"Due to the increased flexibility of the ruble and the current account of the ruble remains the potential for companies is still high," said Minister Klepach on Russian Economic and Financial Forum in Strasbourg.

Russia in the last seven months left until $ 50 billion, high oil prices, however, the attractiveness of ruble still holds high.

Since the beginning of the ruble strengthened by about eight percent against the dollar, drove it up just high oil prices.

In the longer term downside risks have increased - the current account surplus could Klepacha according to 2014 completely reduced.

Filip Sušanka, susanka@mediafax.cz

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