Siluanov said there was no risk of a sharp depreciation – Kommersant

Siluanov said there was no risk of a sharp depreciation - Kommersant

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Finance Minister Anton Siluanov on the air of the program “Moscow. Kremlin. Putin” on TV channel “Russia 1” stated that he now does not see any risks for a sharp fall in the ruble exchange rate. According to the minister, one of the elements of stabilizing the exchange rate now is the decision to control the return of foreign currency earnings.

To the question of presenter Pavel Zarubin, are there any fundamental indicators in the economy now that would indicate the risk of a sharp fall in the ruble exchange rate? “I don’t see anyone like that,” answered Anton Siluanov. “In the end, we have the tools to influence the course to be predictable and sustainable,” the minister added.

At the close of exchange trading on Friday, October 20, the dollar exchange rate was 95.32 rubles, the euro – 100.85 rubles. Experts interviewed by RIA Novosti expect that in the week from October 23 to October 29, the dollar exchange rate will decrease by 56 kopecks, the euro – by 31 kopecks.

According to decree President Vladimir Putin on October 11 and decision government on October 13, companies from 43 groups are obliged, from October 16, to credit accounts in the Russian Federation with at least 80% of foreign currency earnings within 60 days of receipt, and then sell at least 90% of these funds on the domestic market and at the same time at least half revenue received under each contract.

Anastasia Larina

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