FAS asks companies to sell oil and oil products in rubles

The Federal Antimonopoly Service (FAS) has offered to return to the idea of ​​selling a part of oil and oil products, which are exported, for rubles, head of the agency Igor Artemyev reported to the Interfax. "We have now returned to this idea, because it is necessary to help the ruble," - he said. This idea was expressed a few years ago - and even the President’s message then spoke of the need to develop appropriate mechanisms, he recalls. However, that time the ruble was too fortified.

Sale of only 10% of raw materials for rubles would require buyers to purchase the Russian currency equivalent to about $15 billion, which is comparable with the intervention of the Central Bank, said Artemyev.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer