Russian, Indian students creating friendship satelliteScience & Space August 16, 21:46
Zenit St. Petersburg loses 0:1 against FC Utrecht in first leg of Europa League play-offSport August 16, 21:34
Saakashvili plans to return to Ukraine on September 10World August 16, 21:23
Russian diplomat concerned over US and North Korean aggressive statementsRussian Politics & Diplomacy August 16, 20:32
Diplomat says US-made chemical weapons found in Syria prove West’s support for terroristsRussian Politics & Diplomacy August 16, 20:14
Russia’s St. Petersburg to host World Travel Awards in SeptemberSociety & Culture August 16, 19:37
Combat aircraft to make up over 50% in Russian state arms seller’s exportsMilitary & Defense August 16, 19:22
Poroshenko orders probe into reports about supplies of missile technologies to North KoreaWorld August 16, 19:08
Over 700 policemen to provide security at UEFA Europa League’s match in Russia's KrasnodarSport August 16, 19:02
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.