Formidable Sarmat: Satan’s successor that can pierce any defenseMilitary & Defense October 25, 16:37
Russia seeks to grasp US intentions to respond to more possible sanctionsRussian Politics & Diplomacy October 25, 16:31
Isinbayeva calls for joint efforts to fight doping at global levelSport October 25, 16:11
Kremlin believes Putin knows about financial situation of RosneftegazBusiness & Economy October 25, 16:09
Russian lawmaker cites US hostile policy as reason for suspending plutonium dealRussian Politics & Diplomacy October 25, 15:33
Russian forces assume combat duty in all Arctic garrisons — ministryMilitary & Defense October 25, 15:13
Aviation Committee completes probe into Falcon jet crash in Moscow’s Vnukovo airportWorld October 25, 15:04
Turkey, Russia exchange intelligence information on Syria — ministerWorld October 25, 14:38
Kremlin comments on hacker allegations against Putin's aide SurkovRussian Politics & Diplomacy October 25, 14:17
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.