Russian Finance Minister Anton Siluanov expected that the Russian economy would grow by more than 2 percent this year, while the federal budget deficit would range between 2 and 2.5 percent of the gross domestic product.
The Russian minister considered, "The recent decline of the Russian ruble was caused by the country's trade balance," noting that "the ability to predict the exchange rate is very important for the ministry."
Russian President Vladimir Putin had expected that Russian companies would achieve more profits thanks to Moscow's withdrawal from the agreement to export grain through the Black Sea, due to the high grain prices.
Source (Al-Arabiya.net Website, Edited)
