Diplomat says US sanctions may destroy prospects for better relations with RussiaRussian Politics & Diplomacy July 26, 10:08
Survey suggests Russians showed little interest in Nemtsov murder caseSociety & Culture July 26, 8:33
Military aviation deployed in Kazakhstan and Russia's Siberia ahead of Soyuz launchScience & Space July 26, 7:21
US denies arms supplies to Ukraine — State Department spokespersonWorld July 26, 7:12
UN Security Council blocks statement condemning attack on Russian embassy in DamascusWorld July 26, 4:27
Russia looks into its citizen’s removal from domestic US flightWorld July 26, 3:43
US House of Representatives passes bill to toughen sanctions on RussiaWorld July 26, 1:09
Diplomat blasts US media reports on Russia's alleged arms supplies to TalibanRussian Politics & Diplomacy July 25, 21:39
Putin, Iraqi vice-president discuss possible supplies of T-90 tanksMilitary & Defense July 25, 21:18
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.