The Russian central bank: the first time in five years the foreign exchange reserves … – Gazeta.pl

The Russian central bank: the first time in five years the foreign exchange reserves … – Gazeta.pl

1 ->

Means that only between 13 and 19 December Russian foreign exchange reserves, classified as the largest in the world, melted 15.7 billion. – Notes the agency dpa.

Anton Siłuanow Finance Minister said that the depreciation of the ruble has stopped. “We now see a tendency to strengthening of the ruble,” – he added. After a historically low rate as the Russian currency reached last week, the ruble significantly rebounded thanks to the intervention of the state.

Problems of Russia

At the same time, more and more companies public and private sector – including oil company Rosneft, VTB Bank (VTB) and Transaero Airlines – for fear of not being able to pay the payment within applying for guarantees, loans and other aid mechanisms.

The government announced the possibility of supporting companies funds from the National Welfare Fund, which currently amounts to approx. 77 billion. The Russian economy is in crisis because of falling oil prices and sanctions imposed by the West on Russia for its role in the crisis in Ukraine. The state budget will largely depend on the proceeds from the sale of crude oil.