Russia to boost FX flows to support ruble: Medvedev

Russia’s Prime Minister Dmitry Medvedev said on Saturday that the government and central bank are preparing measures to boost foreign currency sales in response to the weakening ruble.

“Naturally we – I mean the government – will help the central bank in the sense of additional foreign currency inflows,” Medvedev said.

“In the near future we will launch foreign currency sales by our largest exporters, which will affect the ruble’s rates. So we, together with the central bank, will undertake a definite collection of agreed measures.”

Source: Reuters