MINSK (Sputnik) — The Russian economy suffered a setback in 2014, as the ruble lost about half of its value against the US dollar amid low global oil prices and Western economic sanctions imposed against Russia over the Ukrainian crisis.
"We are not interesting in strengthening the exchange rate. In general, in a medium term perspective, there is a clear understanding that <…> if oil prices exceed $50, we will need to place additional income in reserves, thus avoiding a sharp exchange rate strengthening, as it happened a while ago," Siluanov told reporters.
