Ukrianian court puts on hold lawsuit against ban on Russian social networksWorld May 28, 6:10
Russia’s Lasitskene wins high jump in Diamond League event in Eugene, USSport May 28, 4:59
Havana Airport gets Russian-made air traffic control systemsWorld May 28, 4:16
Guests of FIFA 2018 World Cup sure to get warm welcome in Russia — LavrovSport May 28, 2:25
Kantemir Balagov’s "Closeness" gets Cannes Festival’s International Critics’ PrizeSociety & Culture May 28, 1:03
Anti-church laws in Ukraine may cause religious strife — Ukrainian Orthodox ChurchWorld May 28, 0:22
Russia’s national football team absolutely clear of doping — doctorSport May 28, 0:14
Russian cyclist Zakarin finishes second in Giro d’Italia Stage 20Sport May 27, 22:27
Putin, Erdogan agree to develop coordination of efforts for settlement in SyriaRussian Politics & Diplomacy May 27, 19:29
ST. PETERSBURG, June 23 (Itar-Tass) —— Russian Finance Minister Anton Siluanov does not consider the slowdown of the rouble exchange rate as a critical situation.
While pointing to the facts of previous declines of the rouble exchange rates, the minister stated, “the volatility is mainly triggered by the changes in oil prices.”
In his words, “the Central Bank of Russia does not interfere in the results of foreign exchange trading sessions.”
“The Central Bank will interpose, when the dollar-to-euro bi-currency basket nears the maximum threshold of 38.15 roubles per U.S. dollar,” Siluanov said.
The minister stated that the Central Bank’s current interference is minimal. In his words, this is linked with the decision to step up active participation in the process only when the aforesaid indicator nears the maximum level. “But, now the index is within the targeted range,” the Russian Finance Minister said.
Besides, VTB President Andrei Kostin, in turn, cannot forecast a sharp decline of the rouble exchange rate.
“The Central Bank has sufficient possibilities to curb the rouble rate within the ‘corridor’,” he told reporters.
“I cannot speak about a drop of the rouble exchange rate. I think that this is impossible,” the VTB president said.