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Alexander Shokhin: Exchange Rate Fluctuation Leads to Shadow Market
2 May 2017

 

 

Alexander Shokhin, Head of the Russian Union of Industrialists and Entrepreneurs and Vice Chairman of Silk Road Chamber of International Commerce, told Russion Newspaper that the fluctuation of the exchange rate between US dollars and Russian rubles by the end of the year may push the new business into shadow. He predicted a fall in the ruble according to the economy and said, the inflation will run at 4% this year.

 

Proposed by Russian State Duma Committee for tax policy, the task force of Russian Union of Industrialists and Entrepreneurs is ready to work on tax policy improvement. A specific solution is to be submitted for discussion in July this year.

 

Source and photo credit: Rossiyskaya Gazeta