Russian FinMin Asks for Sovereign Fund Refill to Curtail Ruble Appreciation

Posted on 07/04/2015

Russian Finance Minister Anton Siluanov commented that Russia should begin the process of replenishing its Reserve Fund to curtail the ruble’s appreciation. An appreciating ruble would likely negatively affect Russian exports. Siluanov pointed out that proceeds from higher oil prices would be the path for Russia to accomplish this. Prices would need to rise above […]

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