Putin-Macron first meeting round-upWorld May 29, 19:00
Expert predicts tensions between China and US will escalateWorld May 29, 18:22
Raging thunderstorm strikes Moscow leaving seven dead, 69 injured — sourceWorld May 29, 18:01
MP rips Montenegrin top envoy's anti-Russia hype as lies, loyalty ‘display’ for NATORussian Politics & Diplomacy May 29, 17:44
Brazilian football stars Cafu, Lucio take Confederations Cup trophy on tour to GermanySport May 29, 17:02
Violent thunderstorm hits MoscowWorld May 29, 16:59
Russian rocket artillery to be rearmed with upgraded launchers by 2020Military & Defense May 29, 16:44
Wolf, Lynx and Tiger: Russian military vehiclesMilitary & Defense May 29, 16:36
Russia to begin trials of new military transport plane in late 2017Military & Defense May 29, 16:18
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.