![Russian Finance Minister Siluanov is seen before President Putin's annual state of the nation address to the Federal Assembly in Moscow](https://freeamericanetwork.com/wp-content/uploads/2018/04/russia-finance-minister-expects-ruble-to-firm-to-58-60-verses-dollar-ria.jpg)
FILE PHOTO: Russian Finance Minister Anton Siluanov is seen before President Vladimir Putin’s annual state of the nation address to the Federal Assembly in Moscow, Russia March 1, 2018. REUTERS/Maxim Shemetov
April 14, 2018
MOSCOW (Reuters) – Russian Finance Minister Anton Siluanov said on Saturday he expected the ruble to recover to 58-60 against the U.S. dollar, RIA state news agency reported.
Siluanov said that the ruble rate of 58-60 per dollar was an “equilibrium” exchange rate for months and still looks justified given today’s oil prices, RIA reported.
The ruble has shed 7 percent of its value against the U.S. dollar in the last week, taking a hit from a new round of U.S. sanctions that triggered a sell-off across Russian markets.
(Reporting by Andrey Ostroukh; editing by Jason Neely)