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Sberbank head points to supporting floating ruble exchange rate as crucial

MOSCOW, January 25. /TASS/. Head of Sberbank Herman Gref said it is crucial to support floating ruble exchange rate for the Russian economy.

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Sberbank head says western sanctions against Russia may not be lifted this year

"The Central Bank announced floating exchange rate, and I consider it to be crucial to support it. This is a natural compensator to distortions, which arise within the economy. If we intervene less into the situation, confidence of all economic agents will be greater," he said during a press conference in TASS.

Earlier the Bank of Russia said that the ruble’s volatility substantially decreased amid sliding volatility of crude oil prices to the level of summer 2014, prior to the introduction of the floating exchange rate.

Central Bank Chief Elvira Nabiullina also said that the regulator sees no risks of the devaluation of the Russian national currency.

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Moscow reports 1,773 daily coronavirus hospitalizations

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The Russian foreign minister said that the sides would exchange opinions on how to develop bilateral relations along the path outlined by Bolivian President Luis Arce and Russian President Vladimir Putin

Iran announces establishment of Basij voluntary naval force

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US-oriented structures try to reformat security system in Asia-Pacific region

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The head of state accused Washington of preparing a "Belarusian liberation army" and reiterated Minsk's readiness to "defend its country"

US nukes in Poland to become target for Russia should confrontation with NATO occur — MFA

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Shoigu talks about ties with NATO, attacks on Zaporozhye NPP as he attends SCO meeting

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International cooperation needed to investigate Nord Stream incidents — Russian diplomat

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Putin signs law on holding World Friendship Games

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Russia grateful to DPRK for unconditional support of special operation in Ukraine — MFA

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Poland practices transfer of mechanized brigade to Lithuania's Suwalki Corridor area

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Russian Economy Ministry expects trade balance surplus to decline

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Russian athletes to play at next Chessboxing World Championship under national flag

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