Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
Gazprom CEO says North Stream-2 pipeline proves relevanceBusiness & Economy January 20, 19:10
More survivors found in avalanche-hit Italian hotel — mediaWorld January 20, 18:48
Donald Trump takes office as 45th US PresidentWorld January 20, 18:21
MOSCOW, April 18. /TASS/. The Bank of Russia has also the instruments in its possession to work in the collapsing oil price environment but the situation may not require its interference, Chairperson of the Central Bank Elvira Nabiullina said on Monday on the air with Rossiya 24.
"An oil price drop does not necessarily entail financial stability risks… Certainly, we have all the instruments available for the adverse development case…We introduced currency refinancing in due course, which eased the problem," she said.
According to Nabiullina, the oil price decline that occurred at the turn of 2015 - early 2016 caused ruble weakening but did not result in financial stability risks.
"We did not notice large-scale conversion of ruble deposits into currency and purchases of cash currency. Therefore even the oil price drop may occur fairly calmly at large and there will be no need for us to interfere," she added.