Russia: in terms of the current RUR/USD rates, agricultural exports to reduce by 3 bln USD - A.Tkachev

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APK-Inform

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In terms of the current RUR/USD exchange rates, in 2017 the exports of Russian agro-industrial products will reduce by 3 bln USD compared with last year level, declared the Minister of Agriculture of the Russian Federation, Alexander Tkachev on April 26.

According to him, the industry requires rather stable RUR/USD exchange rates. In particular, the current exchange rates at 55-56 rubles do not be satisfy the agro-industrial complex, and the industry will just fall back. In 2016, the exports of agricultural products totaled 17 bln USD, and in such foreign exchange rates the exports will reach 14 bln USD, down 3 bln USD. It would be a fairly severe blow to the economy of the agro-industrial complex, said the Minister.

The exchange rates at 60-65 rubles is more comfortable for the industry, A.Tkachev explained.

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