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Russia confirms the ruble's return to its previous value if America does not impose sanctions
2018/04/21 14:56
(Encyclopedia of this Day News | Iraq News ) - Follow - up / Tomorrow 's Press confirmed the Russian Finance Minister Anton Siluanov said on Saturday that the national currency "ruble" will return to its previous value if the United States did not impose new economic sanctions against Rossia.ozkr Cilloanov that the situation The current exchange rate shows that the ruble has improved and is in a more stable and balanced position and I am confident that the ruble will return to its previous value (before the imposition of recent US sanctions) if Washington does not sanction new sanctions on our companies.
He added that the situation of tension and suspicion prevailed among foreign investors in the first days after the imposition of sanctions, when they re-insurance and abandon the ruble heading to foreign assets, but today the situation has improved and the ruble returned to recovery. The exchange rate of the ruble against the dollar fell last week More than 10%, down from 58 to more than 63 rubles per dollar, against the backdrop of the imposition of US economic sanctions on major Russian companies and the most important Russian businessmen.
However, the ruble soon recovered itself and compensated part of its loss, thanks to the rise in international oil prices, which benefited the Russian budget, as Russia is one of the most important oil exporting countries in the world.
The improvement in the ruble exchange rate also contributed to the announcement by the US authorities of their unwillingness to impose new sanctions against Russia.
Silwanov is currently taking part in the spring session of the governing bodies of the International Monetary Fund and the World Bank in Washington. On Friday, US Treasury Secretary Stephen Menuchin met and exchanged views on the latest US sanctions against Moscow. He also met with a group of foreign investors and briefed them on the actions of the Russian government And its fiscal policy under the recent sanctions.
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He added that the situation of tension and suspicion prevailed among foreign investors in the first days after the imposition of sanctions, when they re-insurance and abandon the ruble heading to foreign assets, but today the situation has improved and the ruble returned to recovery. The exchange rate of the ruble against the dollar fell last week More than 10%, down from 58 to more than 63 rubles per dollar, against the backdrop of the imposition of US economic sanctions on major Russian companies and the most important Russian businessmen.
However, the ruble soon recovered itself and compensated part of its loss, thanks to the rise in international oil prices, which benefited the Russian budget, as Russia is one of the most important oil exporting countries in the world.
The improvement in the ruble exchange rate also contributed to the announcement by the US authorities of their unwillingness to impose new sanctions against Russia.
Silwanov is currently taking part in the spring session of the governing bodies of the International Monetary Fund and the World Bank in Washington. On Friday, US Treasury Secretary Stephen Menuchin met and exchanged views on the latest US sanctions against Moscow. He also met with a group of foreign investors and briefed them on the actions of the Russian government And its fiscal policy under the recent sanctions.
Note: The content entitled (Russia confirms the return of the ruble to its previous value if America does not impose sanctions) was published first on the site (Al-Ghad Press) and does not bear the encyclopedia of this news day content in any way.
You can see the details of this address (Russia confirms the return of the ruble to its previous value if the US does not impose sanctions) through its original source any (Al-Ghad Press).
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