Finance minister expects oil prices to trigger ruble strengthening

MOSCOW, Apr 6 (PRIME) -- The energy prices have grown, which means that there will be an inflow of foreign currency and the ruble will strengthen, Finance Minister Anton Siluanov said on Thursday in an interview published in the Telegram channel of reporter Pavel Zarubin.

The ruble hit its lowest since April 2022 of over 81 rubles to the U.S. dollar and above 88 rubles against the euro.

“We set no limits right now. The central bank is not setting any limits as a money market regulator. The prices for our energy have grown lately, and it is signal that more and more foreign currency will start flowing to our country, and it will consequently lead to the ruble having a tendency for strengthening,” Siluanov said.

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