St. Petersburg may apply for hosting Champions League finalSport June 23, 14:53
Pyongyang denies torturing US student who died after release from North KoreaWorld June 23, 14:45
Putin gives start to Turkish Stream pipeline segments jointingBusiness & Economy June 23, 14:33
Gazprom getting proposals on Turkish Stream gas pipeline extension in EuropeBusiness & Economy June 23, 14:21
Putin certain Akkuyu NPP in Turkey to be built on timeBusiness & Economy June 23, 14:18
Putin praises level of cooperation with TurkeyRussian Politics & Diplomacy June 23, 14:11
Russia and India sign military cooperation roadmapMilitary & Defense June 23, 13:43
Lavrov: Western campaign against Russia accompanied by pressure on Russians living abroadRussian Politics & Diplomacy June 23, 13:43
Russia, Turkey and Iran continue cooperation on de-escalation zones in SyriaWorld June 23, 13:40
MOSCOW, February 16 (Itar-Tass) – There can be no question of currency war of competition at this point in time, according to the conclusion made by the G20 chief financiers and bankers at their meeting in Moscow, Russian Finance Minister Anton Siluanov said on Saturday, February 16.
“This was emphasised by all the participants. Everybody agreed with that and this opinion was included in the final statement,” he said.
According to Siluanov, one should be talking not about currencies but about the regimes in which they operate.
“If the state, the Central Bank, interferes in the price-setting process,” a positive result can be achieved only in the short term, while in the long term this would cause serious disproportions, he warned.