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, March 6. /TASS/. The forex risk hedging mechanism is also required for investment projects, Deputy Chief Executive Officer of the state-owned Vnesheconombank (VEB) Andrei Klepach told TASS in an interview on Monday.
"It is clear that risks are high in the environment of huge fluctuations of the exchange rate. This problem is important for VEB not merely in terms of hedging current fluctuations but within the framework of investment projects as well. They are long-term by nature and a huge forex component in case of its presence becomes a significant barrier and a risk area, making projects more expensive and introducing high uncertainty," Klepach said. Vnesheconombank will have to work out a hedging mechanism for investment projects and probably to be more active in working on that market, he added.
The Russian Government will offer a standardized currency risk hedging mechanism to exporters, Minister of Economic Development Maxim Oreshkin told reporters earlier. The mechanism will be designed for small and medium businesses in the first instance, he added.