Volatility in the oil market no longer affects the ruble so much, which has been greatly strengthened, while the de-dollarization process is registering an unprecedented acceleration, said Russian Deputy Minister of Finance Alexei Moiseev, intervening in the round table 'The ruble in the single payment space'.
"Something unusual happens: in negative circumstances we see that what does not kill us makes us stronger, our national currency has never been stronger than now," he said.
He also noted that "the short-term volatility in the oil market no longer affects the ruble," although its dependence on the price of oil still remains.
The process of the so-called de-dollarization has acquired an unprecedented character, the deputy minister said.
In his opinion, the ruble will remain equally stable within a year and will be used much more widely in payments with foreign partners from Russia.