Russian finance minister announces completion of ruble collapse

Baku: “The period of weakening of the ruble was completed, currently, there is a trend towards strengthening of the national currency”, said the Russian Finance Minister Anton Siluanov, RIA Novosti reported.

He said that since 1998, the greatest fall in the course of the ruble was observed last week. Stressing that the US currency was seen to rise to 80.1 rubles and the single European currency to climb to 100.74 rubles on December 23, the Minister said that the process has already been completed. “We think the ruble is strengthening now”, he added.