Putin says 80% of Russians friendly to people from different ethnic groupsRussian Politics & Diplomacy July 20, 17:51
Russia to develop cruise missiles capable of striking targets at 1,000km rangeMilitary & Defense July 20, 17:42
Putin likely to pardon former senior lawmaker, but it needs time — KremlinRussian Politics & Diplomacy July 20, 17:33
ExxonMobil slapped with $2 mln fine for breach of anti-Russian sanctionsBusiness & Economy July 20, 17:10
Germany reconsiders its policy towards Turkey amid worsened tiesWorld July 20, 16:55
Diplomat slams attempts to create parallel government agencies in VenezuelaRussian Politics & Diplomacy July 20, 16:36
Russia completes first stage of 5th-generation fighter jet’s trialsMilitary & Defense July 20, 16:21
Scientists pinpoint genetic origins of Tourette syndromeScience & Space July 20, 15:48
Russian rotocraft manufacturer negotiated supply of ten helicopters to ChinaBusiness & Economy July 20, 15:35
MOSCOW, October 16 (Itar-Tass) -The U.S. government’s possible default on its bonds will have an indirect effect on Russia’s financial system, Ksenia Yudayeva, first deputy chairwoman of the Central Bank of Russia, told reporters on Wednesday.
Unlike European countries that have many funds investing their money into U.S. bonds, Russia has practically no such structures, she said, adding that in the event of default in the United States Russia would feel only indirect effects. Moreover, the Central Bank of Russia has a wide range of mechanisms to support liquidity of the banking sector and foreign currency market.
Yudayeva found it difficult to forecast a scale of possible influence on Russia’s monetary and foreign currency markets, if the U.S. fails to agree on raising debt ceiling.
Russian Finance Minister Anton Siluanov, in turn, expressed confidence that possible default in the U.S. would not affect Russia’s economy.
“There are no short-dated bonds in Russia,” he told journalists earlier in the day. “In the event of default we will feel no consequences. But I hope that the sides will come to agreement.”