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. Last Updated: 07/27/2016

Imports to Stay Low

MOSCOW -- Russia's imports in 2000 will be down 30 percent from the 1997 level because the devalued ruble will continue to make foreign goods too expensive for most Russians, an official estimated Monday.

Imports had accounted for a large share of goods in Russian stores before an economic crisis hit in August and the ruble went into a nosedive. In the first two months of this year, imports were down 50 percent from the same period in 1998, officials said recently.

Finance Ministry expert Anton Siluanov said Monday that imports in 2000 would remain one-third below the 1997 level, Interfax reported.