Russian President Vladimir Putin has assigned the country the task of ensuring full convertibility of the ruble, meaning both "internal and external" convertibility "for current and capital transactions." Russia used to have one of the most solid currencies in the world, the president reminded the Federal Assembly in his State of the Nation address on Friday. "The value of the 'gold ruble' showed what the state was worth," he said.
"I'll put it straight: The country needs a ruble that would be tradable on international markets, it needs a solid and reliable bond with the world's economic system," declared the president. He stressed that Russia, a fully fledged member of the group of eight best-developed countries, simply had to achieve this goal.
Once this goal is achieved, the country will really begin to integrate into the world economy, Putin stressed. What will this mean for Russian citizens? "Whenever they travel abroad, they will only need two things, a Russian passport and Russian rubles," he said.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year