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RUSSIA'S ECONOMY

Ruble plunges after Finance Ministry announces volume of currency purchase operations

Russia’s Finance Ministry said earlier on Friday that it plans currency purchase operations using 113.1 bln rubles ($1.9 bln) in February

© Sergei Fadeichev/TASS

MOSCOW, February 3. /TASS/. The ruble has started to decline in the course of trading on the Moscow Exchange following statements about the volume of currency purchase operations the Finance Ministry plans in February,

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Russian finance ministry to buy and sell foreign currency starting February

As of 12:00 MSK dollar strengthened against the ruble by 0.2%, to 59.55 rubles.

Before the Finance Ministry’s data was announced the dollar traded at 59.39 rubles. As of 11:30 Moscow time, the euro traded at 63.9 rubles.

Russia’s Finance Ministry said earlier on Friday that it plans currency purchase operations using 113.1 bln rubles ($1.9 bln) in February. The currency will be purchased using extra oil and gas revenues. Daily volume of currency purchases will be 6.3 bln rubles ($105.9 mln) from February 7 to March 6.

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Maria Zakharova stressed that such statements by Israeli officials shed light on the true reasons why Tel Aviv was opposing the establishment of a nuclear-weapon-free zone in the Middle East

Syria demands UNSC take measures to stop Israel’s attacks

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US-led coalition aircraft violate Syrian airspace eight times in past day

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Western military assistance to Ukraine tops 100 bln euros — minister

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