The Russian Finance Minister, Anton Siluanov, has acknowledged that the ruble will strengthen as energy prices increase in conversation with political observer Pavel Zarubin from the All-Russian State Television and Radio Broadcasting Company. On April 6th, the dollar and euro exchange rates reached 81 rubles / $ and 88 rubles / € at the Moscow Exchange auctions, the first time since April 2022. Siluanov stated that there are no restrictions imposed by the regulator in the money market, and the increase in energy carrier prices signal that more foreign currency will flow into the country, leading to a tendency for the ruble to strengthen. For further details, see the article “Kommersant FM” In brief: The ruble and oil lose touch.
Russian Finance Minister Anton Siluanov, in a conversation with the political observer of the All-Russian State Television and Radio Broadcasting Company Pavel Zarubin, admitted that the ruble would begin to strengthen against the backdrop of an increase in energy prices. At the auctions of the Moscow Exchange today, April 6, the dollar and euro exchange rates reached 81 rubles / $ and 88 rubles / € – for the first time since April 2022.
“We are not setting any boundaries now. The Central Bank, as a regulator in the money market, does not impose any restrictions. Therefore, prices have now increased for our energy carriers, and this is a signal that more foreign currency will flow into the country, and accordingly this will lead to the fact that the ruble exchange rate will tend to strengthen,”— said Mr Siluanov.
For more details, see the material “Kommersant FM” “The ruble and oil are losing touch.”
It remains to be seen exactly how the ruble will fare in the coming days and weeks, but Finance Minister Anton Siluanov’s comments offer some hope for those who may have been concerned about the recent fluctuations in the currency’s value. As always, it’s important to stay informed about the latest news and developments in the financial world, and to keep a close eye on exchange rates and other indicators that may affect your investments and your bottom line. For more information on this and other important financial topics, be sure to follow Kommersant FM and other trusted sources of financial news and analysis.