22.07.2016 - Ruble's Growing Strength Concerns Kremlin
After months of instability and plunging rates, the ruble has finally gained 17 percent against the U.S. dollar since early January, hitting 63.75 to the dollar on July 20. Yet this might not be good news for Russian policy-makers. Instead, they are left with some difficult decisions. “The ruble is growing stronger despite certain price volatility on commodity markets,” said Russian President Vladimir Putin in one meeting. “In this context, of course, we must think about what we should do and how we should do it.”..............................................Full Article: Source
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