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Strong Ruble Hinders Russian Exporters, Makes Imports Cheaper: RSPP Head
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- The head of the Russian Union of Industrialists and Entrepreneurs, Alexander Shokhin, stated that an excessively strong ruble is making Russian goods uncompetitive against cheaper imports from China.
- He noted that the overvalued currency hinders exporters and makes it difficult for Russian companies investing in import substitution to compete.
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The head of the Russian Union of Industrialists and Entrepreneurs, Alexander Shokhin, stated that an excessively strong ruble is making Russian goods uncompetitive against cheaper imports from China. He noted that the overvalued currency hinders exporters and makes it difficult for Russian companies investing in import substitution to compete.
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This article was originally published by TASS.
