Foreign Ministry: the stability of the Russian economy infuriates the United States

The stability of the Russian economy and the effectiveness of measures to stabilize the ruble exasperate the United States. This statement was made by Deputy Foreign Minister of Russia Sergei Ryabkov.

“The impression is that the stability and effectiveness of measures to stabilize the ruble exchange rate demonstrated by our economy against the backdrop of inflation in the United States itself, not to mention the rise in prices and the periodic occurrence of certain deficits in European satellite countries, drive the White House out of themselves,” Ryabkov saidquote according to RIA Novosti).

According to Ryabkov, the United States strive deplete the country’s currency reserves. The Deputy Foreign Minister believes that “blocking the channels for American and Western investments” is one of the ways to provoke a default and further destruction of the Russian economy.

In January, against the background of the fall of the ruble, the Bank of Russia He has made a decision suspend purchases of foreign currency on the market as part of the budget rule “in order to reduce the volatility of financial markets.” Already in February, against the backdrop of the announcement of a special military operation and sanctions against Russia, the ruble began to decline rapidly.

To support the ruble, the Ministry of Finance from February 28 obliged Russian exporters to sell 80% of foreign exchange earnings under all foreign trade agreements within three working days from the date of receipt. In April, the Central Bank increased the deadline for the mandatory sale of foreign currency for exporters of the non-resource non-energy sector from three to 60 working days. In May, Russian President Vladimir Putin signed a decree according to which exporters will be obliged to sell 50% of foreign exchange earnings on the domestic market instead of the previous 80%.

On March 10, the dollar exchange rate during trading on the Moscow Exchange in the morning updated its historical record, breaking the mark of 121 rubles for the first time, but already in May it fell below 58 rubles.

In May, Russian presidential aide Maxim Oreshkin declaredthat the ruble exchange rate is absolutely market-oriented in response to statements by foreign experts that the strengthening of the ruble is artificial. “Many say that the rate is somehow fake, they are trying to deny reality, but in fact the rate was artificial last year, this year it is absolutely market-based, without any external influence,” Oreshkin said in May.