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Russian Finance Ministry says selling part of $7 billion FX stocks
December 17, 2014 / 8:42 AM / 3 years ago

Russian Finance Ministry says selling part of $7 billion FX stocks

MOSCOW (Reuters) - Russian Finance Ministry said on Wednesday it was selling foreign currency from its leftover stocks, of which it has around $7 billion (£4.4 billion), in a move seen as an attempt to support the rouble.

Maxim Oreshkin, head of the Finance Ministry’s long-term strategic planning department, told Reuters the amount of forex it would sell would “depend on (market) situation.”

Reporting by Darya Korsunskaya and Oksana Kobzeva; writing by Katya Golubkova; editing by Alexander Winning

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