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Finance Ministry’s purchase of currency not to affect rouble rate

Head of Central Bank of Russia Sergei Ignatyev claims new rules for currency interventions are prepared

MOSCOW, June 19 (Itar-Tass) - Russian Finance Ministry’s purchase of currency on the market will not affect the rouble exchange rate, the head of the Central Bank of Russia, Sergei Ignatyev, told a State Duma meeting on Wednesday.

“We prepared new rules for currency interventions. To supplement the Reserve Fund, the Finance Ministry will buy currency at the Central Bank, while the Central Bank will simultaneously buy these sums on the market and vice versa,” he said.

“These rules will not affect the rouble exchange rate,” he said.

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American Abrams tanks vulnerable even to Soviet-era weapons, says expert

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Two people killed in borderline Belgorod Region in Ukrainian drone attack — governor

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French president says creating Israeli-type air defense network for Ukraine impossible

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Lavrov says Borrell let it slip that Europe ‘fighting against Russia’

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