Suffered from sanctions the Russian economy will save the oil

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Photo: Vitaly Timkivi / RIA Novosti

In may, the Finance Ministry plans to buy foreign currency for more than 320 billion rubles, said in a statement on the Agency’s website. This volume will be a record in the history of the interventions.

Thus, the Agency expects to receive 320,6 billion rubles of additional oil and gas revenues in may due to rising oil prices. In April, actual revenues were 2.2 billion higher than planned. On this basis, the Ministry of Finance total direct purchase of foreign currency 322,8 billion.

World oil prices continue active growth after a sharp jump 4 APR associated with threats to the United States to withdraw from the agreement on Iran’s nuclear program. 7 APR to 16:40 Moscow time the price of July futures on petroleum mix of mark Brent on London exchange ICE made up of 75.64 per barrel.

The Ministry of Finance since the beginning of February forwards on foreign currency purchase additional oil and gas revenues generated by higher than budgeted oil prices. Previously, the Agency planned to buy from April 6 to may 8 currency 240 billion rubles.However, due to the volatility and devaluation of the ruble after the introduction of new US sanctions on 10 and 17 April, the intervention was suspended.

Video, photo All from Russia.

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