Russian Foreign Ministry: OPCW not rushing to investigate chemical incident in SyriaRussian Politics & Diplomacy May 25, 21:28
Russia’s legendary barque Kruzenshtern calls at Belgian portSociety & Culture May 25, 20:26
OPEC and non-OPEC countries to develop cooperation outside Vienna agreementBusiness & Economy May 25, 19:44
Russia squared-off with Western media blitz to smear World Cup preparationsSport May 25, 19:35
NATO seeks to continue and expand dialogue with RussiaWorld May 25, 19:01
WADA offers pole vaulter Isinbayeva post of ambassador for clean sports in Russia — sourceSport May 25, 18:57
Lavrov keeps close eye on situation with jailed Russian pilot in USRussian Politics & Diplomacy May 25, 18:51
Belkomur rail project brings new opportunities to Russia’s Arctic regionsBusiness & Economy May 25, 18:46
Russia to build first helicopter carrier by 2022Military & Defense May 25, 17:41
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.