New opportunities: Deputy Prime Minister Shuvalov’s London apartment has risen in value by half a billion rubles

First Deputy Prime Minister of the Russian government Igor Shuvalov advised Russians to pay less attention to fluctuations in the ruble exchange rate. He said this in response to a question from an RNS news agency journalist about whether the Central Bank should resume currency interventions. http://radiovesti.ru/article/show/article_id/187749

Great advice from a deputy prime minister who derives enormous pleasure—and equally enormous profits—from changes in the ruble exchange rate.

Shuvalov’s London apartment, located in the legendary Whitehall Court building and measuring 500 square meters, has risen in ruble terms by 603 million rubles.

In 2014, when Shuvalov bought it for £11.5 million, its price in rubles was 688 million rubles; now it is 1.29 billion rubles.

Perhaps this is exactly what Vladimir Putin had in mind today when he said that the collapse of the ruble creates new opportunities.