Ukraine’s Savchenko says wants to run for president in 2019World May 25, 3:38
Putin venerates St Nicholas's relics in Cathedral of the SaviorSociety & Culture May 24, 21:53
Putin points out Russia’s good relations with EgyptRussian Politics & Diplomacy May 24, 21:30
Ukraine names conditions for Minsk accords' political part implementationWorld May 24, 20:44
Blaze-stricken Siberian areas expecting downpours that may quash firesSociety & Culture May 24, 19:45
Contact Group on Ukraine proposes more areas of disengagementWorld May 24, 19:39
Russian Emergencies Ministry says over 70 homes burn down in SiberiaSociety & Culture May 24, 18:49
International Chekhov Theater festival opens its doors for 13th time in MoscowSociety & Culture May 24, 18:44
Putin decorates commandoes for two-day face-to-face clash with militants in SyriaRussian Politics & Diplomacy May 24, 18:31
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.