Russian Central Bank explains ruble's slide

Changes in the balance of trade have weakened the currency, the regulator says

The latest weakening of the ruble poses no threat to the country's financial stability, a top official at the Russian Central Bank said on Tuesday.

The ruble decline is due to changes in the balance of trade, First Deputy Chairman Ksenia Yudaeva said, as cited by RIA Novosti news agency. The balance of trade is t