“As for the optimal exchange rate, there is more or less consensus that it is in the range of 70-80 rubles per dollar,” he said.

Belousov noted that this issue is the responsibility of the Bank of Russia, and expressed hope for the soonest return of the ruble to the optimal exchange rate.

“Here we are counting on joint work with the Central Bank in the interests of implementing the tasks that I just spoke about,” he concluded.

Earlier, VEB.RF Chairman Igor Shuvalov at the St. Petersburg International Economic Forum (SPIEF) named the factors of modernization of the Russian economy.

Russian President Vladimir Putin noted that the gloomy forecasts regarding the Russian economy did not come true.