US Election Likely to Have Minimal Impact on Russian Ruble Rate

© AFP 2023 / ALEXANDER NEMENOVA Russian ruble coin is pictured in front of the Kremlin in in central Moscow, on November 6, 2014
A Russian ruble coin is pictured in front of the Kremlin in in central Moscow, on November 6, 2014 - Sputnik International
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The outcome of the November 8 presidential election in the United States will have a minimal and short-term impact on the Russian financial market and the ruble exchange rate, Economy Minister Alexei Ulyukayev said Tuesday.

ROME (Sputnik) — After a meeting with Italian businessmen in Rome, Ulyukaev told reporters:

"I do not believe it would have any significant impact….A short-term fluctuation is possible, but everything will calm down in the end. The impact will be minimal." 

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