Report: Russian cbank can buy $1 bln foreign currency Feb, Mar

MOSCOW, Jan 25 (PRIME) -- The Russian central bank can buy U.S. $1 billion of foreign currency from the market monthly in February–March if the oil price remains at the current level, Bloomberg reported on Wednesday, citing officials who spoke on condition of anonymity.

First Deputy Prime Minister Igor Shuvalov said earlier in January that the central bank can purchase foreign currency from the market because the government had decided against spending additional energy revenue in 2017 and the oil price had stabilized. He said the government and the central bank planned to elaborate measures to reduce a long-term volatility of the ruble.

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