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After currency purchases from Russia reserve fund resume their term may be extended

March 04, 2014, 13:41 UTC+3 MOSCOW
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MOSCOW, March 04. /ITAR-TASS/. After currency purchases from Russia’s Reserve Fund resume the country’s Finance Ministry will most likely extend the term of these transactions, but keeping their parameters, Russian Deputy Finance Minister Alexei Moiseyev told Itar-Tass on Tuesday.

The Finance Ministry has earlier planned currency purchase until the end of May 2014.

“Obviously we will have to extend their term or increase amount of daily purchases. We will extend their term most likely, keeping their parameters. However, this aspect will be specified depending on the situation on the market,” he said.

Moiseyev added that the term of transactions would be extended for the number of days, during which the purchase would be suspended.

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