Photos of day

Category: Society

Category: Society

Category: Law

Category: Companies

Category: Politics

Category: Finances

Date: a month ago   Category: Finances

New sanctions and purchases of currency for the Ministry of Finance: how will the ruble react?

The Central Bank after more than week break buys currency again. On Wednesday, August 22, the USA has to enter the first block of new anti-Russian sanctions of the Photo: Is updated 20:42centrobank after more than week break again buys currency for the Ministry of Finance. It follows from data on the regulator website. The Central Bank stopped purchases because of volatility in the market and sharp ruble depreciation after the announcement of the preparing new sanctions of the USA against Russia. The American State Department has reported about intention to introduce new restrictions late at night on August 8, and already next day the Central Bank has cut day purchases by half, and from August 10 to August 17 at all didn't carry out them. On Monday, August 20, the Central Bank has directed 17,5 billion rubles to acquisition of currency. It is unlikely all this will put the strong pressure upon ruble, the independent analyst Dmitry Stepanov:dmitry Stepanov the independent analyst "Considers the market now quite strongly has calmed down, and that dynamics on ruble which has passed earlier, will quite positively affect our economy because the financial period of 2018 comes to an end, it is even possible to sum up already some results, and, certainly, courses which were earlier, quite high on ruble and our economy. We receive some balance with ruble depreciation therefore the course [moves] to a normal situation, the Ministry of Finance makes a start from this normal situation and continues purchases. I believe that even if sanctions wouldn't be imposed probably the ruble all the same would be under pressure and decrease it is simple that the Central Bank would continue to reduce an interest rate more aggressively. He has suspended the work on decrease in a rate, respectively, the balance has appeared in such artificial way thanks to sanctions. What we observe [has] quite planned character, I think that investors shouldn't worry or specially in the current situation to buy or sell currency". In April after introduction of the USA of sanctions against the Russian officials and business the Central Bank also temporarily stopped purchases of currency to stabilize ruble exchange rate, but then has made up for them. April and August decisions of the Central Bank are compared by the analyst of UK "Alpha Capital" Darya Zhelannova:darya Zhelannova the analyst of UK "Alpha Capital" "It is absolutely normal, natural situation: he acts approximately equally in the conditions of the aggravated geopolitical tension. However It should be noted that after all situations from the point of view of the same geopolitics different. At the moment it makes sense to speak about two packages of sanctions. The first will be costituted on August 22, the market knows about him. It is not such serious story for the Russian market as, first, it is difficult to say that it will influence all economy - it is more likely pressure tool, but from the point of view of economy of any serious sag we don't see. As for the second package of sanctions, the congress will return to his discussion only in September, and, what is the time will occupy by this, it is difficult to speak. There is a probability that it will last even prior to November congressional elections. Here remains неопр



just now

According to weather forecasters, at the end of September heat wave for now — rainfall will come to the capital region. For what temperature it is possible to wait? Photo: Alexander Shcherbak / TASS S...

just now

Such initiative was sounded by the Deputy Prime Minister Tatyana Golikova. According to her, the age is less, the risk of accustoming to alcohol and tobacco is higher. Whether there will be effective...

just now

The higher instance has rejected the appeal of the lawyer of the ex-minister. Money used in an operational experiment with participation of Sechin and ex-minister Alexey Ulyukaev. Photo: Sergey by Bob...

22 minutes ago

The head of the Ministry of Economic Development Maxim Oreshkin has already said that "in attempt to help it is impossible to break the principles of the competition". The project FAS has also critici...

an hour ago

As the Minister of Defence has specified, Russia has suspended delivery of this complex to Syria in 2013, and it has been made at the request of the Israeli side Sergey Shoygu. Photo: Mikhail by Klime...

an hour ago

The pensioner has told how she has suddenly received the World card. At the same time her card of other payment service provider had to work some more years. What incidents do pensioners why the impos...

an hour ago

CSKA has accepted on the home field "national team", and "Zenit" has met Lokomotiv, and in this match eight goals Alan Dzagoyev and Lukas Fernando have been scored. Photo: Sergey the Match of CSKA — S...

2 hrs ago

The candidate of LDRP has bypassed the acting head of the region with a big separation — 40%. Shport couldn't break a 30 percent barrier of the Photo: Artem Geodakyan / TASS two regions from the 22nd...