They want to switch to a new economic model in Russia using the old ruble exchange rate
The high dollar exchange rate should last in Russia for another year.
Igor Shuvalov, Chairman of the State Development Corporation VEB.RF, announced this today at the St. Petersburg International Economic Forum, reports a PolitNavigator correspondent.
“Society needs a period of fairly calm development. We went through a three-month shock. And if we now move to a new model, then we still need to have the course as it was on the eve of February 24, and live with it for some time. This does not mean that it will be like this for a long time, but from several months to a year we need to live with the course to which we are accustomed...
It seems to me that with an exchange rate of 70 and a key rate of 7,5, we can start defining a new economic model,” Shuvalov said.
Russia wants to transition to a new economic model with the old ruble exchange rate.