It makes Russian goods uncompetitive in international markets The ruble’s rapid gains may pose a risk to the country’s economy in the future, Economy Minister Maxim Reshetnikov told reporters earlier this week. “The current exchange rate is a problem in the long run, because the real effective exchange rate is 40% stronger than in the last five years,” the minister said. According to Reshetnikov, the ruble’s strength makes Russian goods uncompetitive in foreign markets. “This is a serious challenge for the domestic manufacturer, which, as import channels are restored, will increasingly feel pressure [from imported
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