Astronauts to make quickest trip ever to ISS in DecemberScience & Space September 22, 16:27
Russian frigate Admiral Essen returns to Crimea after mission in MediterraneanMilitary & Defense September 22, 16:24
Experts believe Russia not ready for crypto assetsBusiness & Economy September 22, 16:09
Trump vows to put North Korean leader to testWorld September 22, 15:56
Russia's top diplomat presents UN chief with film about him made by TASSSociety & Culture September 22, 15:43
This week in photos: drills in Russia, clashes in Jerusalem and Oktoberfest in MunichSociety & Culture September 22, 15:42
German rifle’s sketch to be removed from Kalashnikov’s monument in MoscowMilitary & Defense September 22, 15:15
Trump slams reports about Russia trying to influence US election through Facebook adsWorld September 22, 14:57
Stalin, Lenin busts unveiled at Walk of Rulers in MoscowSociety & Culture September 22, 14:49
MOSCOW, February 15. /TASS/. The strengthening of the Russian currency will be sharper without the Finance Ministry’s foreign exchange interventions, Minister Anton Siluanov said Wednesday.
"We’ll purchase foreign currency to stock up. The purchases are mainly aimed at enhancing stability on the forex market. The ruble’s exchange rate would be strengthening more sharply without those operations," he said.
As reported earlier Russia’s Finance Ministry started foreign exchange purchase and sale operations on the domestic forex market. The amount of operations will depend on the amount of oil and gas revenues of the Russian federal budget. The move is aimed at increasing the stability and predictability of the domestic economic environment and mitigating the impact of varying energy resources market situation on the Russian economy. In February, the amount of extra oil and gas revenues will be worth 113.1 bln rubles ($1.9 bln). The foreign currency purchases are expected to have an immaterial effect on money market rates, the Finance Ministry and Central Bank said.