Authorities said the reasons for the collapse of the ruble

15

Photo: Valeriy Melnikov / RIA Novosti

The government has made changes in the current indicators on the Russian market not only with the threat of new sanctions. This was reported by TASS first Deputy Prime Minister, Minister of Finance of Russia Anton Siluanov.

“The current volatility in the markets associated with the next wave of sanctions, U.S. rhetoric against Russia and instability in emerging markets,” the official said.

However, Siluanov said that the Russian economy in recent years has become more resistant to external influences, “whether fluctuations in oil prices or the imposition of economic restrictions”.

According to him, the Russian authorities together with the Central Bank to carefully monitor any changes in the market and not let the situation get out of control. In addition, he concluded that the Russian government and the Central Bank “possess all the necessary tools to ensure financial stability and, if necessary, will use it in the framework of current legislation”.

Shares of the largest Russian companies suffered a loss on August 9 against the background of announcements about new U.S. sanctions and the falling ruble. So, for example, stock quotes VTB have fallen to 3.44 percent, the paper “RUSAL” fell to 3.36 percent, and Transneft has lost 2.21 percent. The Euro exchange rate by 15:30 Moscow time have reached 76,535 ruble, dollar — ruble 66,02.

Video, photo All from Russia.

LEAVE A REPLY

Please enter your comment!
Please enter your name here