Every cloud? Trade minister Manturov says major collapse in value of ruble this year has been ‘awesome’ for Russian business

With the value

With the value of his currency down over 20 percent since January, you’d have thought Russia’s trade minister would be worried. On the contrary, Denis Manturov has called it “awesome,” lauding its benefits for many businesses.

Speaking to Bloomberg, on this week, Manturov explained that companies that don’t rely on imports from abroad “are in a sweet spot right now.”

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