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Central Bank: Spending reserves will not stabilize Russia's ruble

February 12, 17:05 UTC+3 MOSCOW
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MOSCOW, February 12. /TASS/. Spending of international reserves will not solve the issue of the ruble’s exchange rate stabilization unless the Central Bank possesses "astronomic" reserves, the regulator’s First Deputy Chairman Dmitry Tulin said on Friday.

"Spending of gold and foreign currency reserves will not solve the issue of the ruble’s exchange rate stabilization as no country and no central bank in the world would have enough reserves for doing this," Tulin said.

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