Russia Is Willing to Let Ruble Weaken to Ease Sanctions Pain
- Officials ready to see ruble fall to 100/dollar, people said
- Government, central bank reacted when ruble hit 100 last year
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Russia’s ruble is on the slide toward 100 per dollar and this time the authorities appear resigned to letting it hit a level that previously provoked strong policy responses.
A weaker ruble isn’t a concern now and it will benefit the state budget amid plans for increased spending next year, two people with knowledge of the situation said, asking not to be identified discussing government policy. Officials are willing to let the ruble reach 100 to the dollar, the people said.