US imposes new sanctions on Syria over suspected chemical attackWorld April 24, 21:23
Russian businessman plans to build sailplane to fly around the globe nonstop in 5 daysScience & Space April 24, 19:50
Roscosmos excludes three cosmonauts from space teamScience & Space April 24, 19:34
Russian Foreign Ministry: Terrorists in Syria may get chemical weapons from Libya, IraqRussian Politics & Diplomacy April 24, 19:05
US not ready yet to restart arms control dialog, Russian diplomat saysRussian Politics & Diplomacy April 24, 18:57
Court recognizes Russia’s Sports Ministry as affected party in WADA whistleblower caseSport April 24, 18:48
Elephant, giraffe and wildcats found among Muscovites’ house petsSociety & Culture April 24, 17:48
Putin calls for setting apart real anti-corruption crusaders from political show-offsRussian Politics & Diplomacy April 24, 16:34
Moscow court turns down Jehovah’s Witnesses bid to fight Justice Ministry’s banWorld April 24, 16:08
DAVOS, January 23, 16:39 /ITAR-TASS/. Russia's Economic Development Minister Alexei Ulyukayev believes that there are more chances for weakening than for strengthening of the ruble in 2014.
“The dynamics of the Russian ruble does not differ from that of national currencies of Brazil, South Africa, South Korea and other raw materials-based and developing economies. They are in opposition to the movement of the U.S. dollar,” he said in an interview with Rossiya 24 television channel on Thursday. “If we look at major figures of our balance of payment, the current account surplus demonstrates that there are more chances for slight weakening of the national currency than for its strengthening.”
“We have almost “free floating” of the national currency,” Ulyukayev said. “The Central Bank does not set tasks to get on some course through its interventions, therefore multidirectional fluctuations may take place during this year. But there are more chances that this will be fluctuations towards weakening of the course in relation to reserve currencies than towards strengthening.