Kudrin Wants Focus on Inflation, Not Ruble

Finance Minister Alexei Kudrin said Monday that he would prefer the Central Bank to focus on taming inflation rather than weakening the ruble. Prime Minister Vladimir Putin last week ordered the country’s fiscal authorities, including the Economic Development Ministry, to discuss the option of preventing a stronger ruble, which would mean a deviation from the Central Bank’s recent policy of leaving the national currency only loosely regulated. Putin issued […]