MAKS-2017 airshow yields contracts to over $6bln - Russian ministry of industry and tradeBusiness & Economy July 23, 23:48
Russian consumer rights watchdog chief names cities with highest HIV ratesSociety & Culture July 23, 21:41
Serbian filmmaker Kustirica says Crimea’s reunification with Russia is natural processSociety & Culture July 23, 21:40
Israeli embassy in Amman attacked by terrorists, some people wounded - TVWorld July 23, 21:35
Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
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.