The White House spoke about the “artificial” strengthening of the ruble

The White House called the strengthening of the ruble “artificial”
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Sanctions against Russia in general and the Urals in particular

Russian authorities are “artificially inflating the ruble.” This statement was made by White House Director of Communications Kate Bedingfield.

“We see the artificial pumping of the ruble by the Central Bank and the Russian government,” Bedingfield said during a briefing. The information is transmitted by RIA Novosti. According to her, sanctions against Russia are working. She said that in Russia there is “dramatic inflation” and investors are refusing to invest in the economy.

Earlier, The Washington Post wrote that the Russian economy and currency are recovering, despite sanctions against Russia. The ruble’s exchange rate is also affected by oil and gas exports, which bring Russia a flow of currency, the publication notes. The Bank of Russia has managed to avoid a deep financial crisis, said Elina Rybakova, deputy chief economist at the Institute of International Finance, the Association of Banks and Financial Companies.

The United States, European countries and other countries have imposed sanctions on Russia over a special operation in Ukraine in late February. After that, the ruble began to fall. According to the Moscow Exchange on March 31, the euro and the dollar fell to 83 and 88 rubles, respectively. These figures are lower than they were before the sanctions were imposed. Russian President Vladimir Putin has signed a decree on paying for gas only in rubles for unfriendly countries. This decision was supported by 76% of Russians, 27% of respondents believe that it will help strengthen the ruble.

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Russian authorities are “artificially inflating the ruble.” This statement was made by White House Director of Communications Kate Bedingfield. “We see the artificial pumping of the ruble by the Central Bank and the Russian government,” Bedingfield said during a briefing. The information is transmitted by RIA Novosti. According to her, sanctions against Russia are working. She said that in Russia there is “dramatic inflation” and investors are refusing to invest in the economy. Earlier, The Washington Post wrote that the Russian economy and currency are recovering, despite sanctions against Russia. The ruble’s exchange rate is also affected by oil and gas exports, which bring Russia a flow of currency, the publication notes. The Bank of Russia has managed to avoid a deep financial crisis, said Elina Rybakova, deputy chief economist at the Institute of International Finance, the Association of Banks and Financial Companies. The United States, European countries and other countries have imposed sanctions on Russia over a special operation in Ukraine in late February. After that, the ruble began to fall. According to the Moscow Exchange on March 31, the euro and the dollar fell to 83 and 88 rubles, respectively. These figures are lower than they were before the sanctions were imposed. Russian President Vladimir Putin has signed a decree on paying for gas only in rubles for unfriendly countries. This decision was supported by 76% of Russians, 27% of respondents believe that it will help strengthen the ruble.

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