Telegram included in register of Internet information distributorsBusiness & Economy June 28, 20:56
Putin points to growing activities of foreign secret services against RussiaRussian Politics & Diplomacy June 28, 20:36
FIFA chief Infantino to attend Chile-Portugal 2017 Confederations Cup semis match in KazanSport June 28, 20:27
Lavrov expects US to refrain from creating pretexts for new attacks on SyriaRussian Politics & Diplomacy June 28, 20:09
Top diplomat says Germany willing to open new chapter in relations with RussiaWorld June 28, 19:28
Russia open for cooperation with Germany in war on terror, Lavrov saysRussian Politics & Diplomacy June 28, 19:22
Baltic Fleet’s fighter jets hold air combat drills in Russia’s westernmost regionMilitary & Defense June 28, 18:57
Russian telecom watchdog to include Telegram in registerBusiness & Economy June 28, 18:51
Skolkovo Foundation proactively cooperating with China — IT projects directorBusiness & Economy June 28, 18:41
MOSCOW. January 16./TASS/ The time of ruble value's sharp fluctuation is nearing its end, the state measures to support the national currency began to work, head of the Resident Mission of the International Monetary Fund (IMF) in Russia Bikas Joshi said on Friday.
"It seems that the period of sharp ups and downs is coming to an end. The measures that were taken are beginning to work, that is the increase in the key rate, and support for the banking system, and the provision of foreign currency, liquidity to market participants. All of this is supporting the ruble, and will probably be maintaining it in the future,” Joshi said.
In November and January, the ruble fell against the dollar by 51% to 65 rubles, while the euro fell by 40% to 75.5 rubles. During that time the oil prices dropped by 40% to $49 per barrel.
"No one knows where the oil prices will go. We do not expect the prices to go down in the near future — we are looking at the futures and see that they suggest a slight increase. Of course, not to the prices that we saw before, but it will still be an increase," Joshi said.