Putin's aide points to US internal power struggle as undermining White House policyRussian Politics & Diplomacy June 29, 12:25
Lavrov and Mogherini to meet on July 11 in BrusselsRussian Politics & Diplomacy June 29, 12:16
Newly-designed landing craft to be capable of carrying smaller air-cushioned vehiclesMilitary & Defense June 29, 12:00
Russian diplomat warns US apparently gearing up for new intervention in SyriaRussian Politics & Diplomacy June 29, 11:14
Decision on extending EU sanctions against Russia comes into forceWorld June 29, 10:21
Russia creating advanced amphibious ship for ArcticMilitary & Defense June 29, 9:49
Russia may reduce presence on EU energy markets in next 20 yearsBusiness & Economy June 29, 8:48
Top military brass baffled by UK defense chief’s remarks about Russian warshipRussian Politics & Diplomacy June 29, 8:20
FIFA president lauds Confederations Cup semi-final match as incredibleSport June 29, 7:38
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.