MOSCOW (Sputnik) — The US presidential elections will not influence ruble value in the long term, Russia's Sberbank CEO German Gref said Tuesday.
"Almost no [influence], the changes in value can go any way. In the long term, I think, this factor holds little importance for value changes," Gref said in response to a question on how the elections in the United States would influence the Russian currency.
In 2014, the ruble significantly decreased in value against the dollar. The most dramatic decrease was registered in December, when the official USD/RUB exchange rate reached 67.79 on December 18 up from 32.65 on January 1, 2014. The Russian currency has slightly reevaluated since then.
The United States presidential elections is being held on Tuesday, November 8. Democratic candidate Hillary Clinton and Republican nominee Donald Trump are the main contenders for the post of the new US leader.
