Belousov called the rate of 90 rubles per dollar acceptable for everyone – Kommersant

First Deputy Prime Minister of the Russian Government Andrei Belousov said at a meeting of the Council for Strategic Development and National Projects that the exchange rate has stabilized around 90 rubles/$. According to him, the rate is acceptable for consumers, exporters and investors.

“In general, it can be noted that the Russian economy has found a point of equilibrium between exports and imports. Evidence of this is the stabilization of the exchange rate around 90 rubles per dollar. What is acceptable both from the point of view of exports and from the point of view of the country’s consumer and investment markets,” said First Deputy Prime Minister Andrei Belousov.

He also noted that the Russian economy is adapting to sanctions pressure. According to him, through effective partnerships with friendly countries and timely support of Russian entrepreneurs, “it was possible to maintain the country’s export potential and provide the population and enterprise with the necessary goods and resources.”

As became known “Kommersant” Manufacturers and distributors have notified Russian retailers that starting from the beginning of next year, selling prices for a wide range of products will increase by 5–20%. Companies argue for this by the rise in the exchange rate, which affects the costs of imported raw materials, and the rise in price of domestic transportation services by more than a third.

Read more about the current situation in the Russian retail market in the material “The food doesn’t come”.

Alexandra Goroshilova