The head of the Russian Ministry of Finance Anton Siluanov said that the dollar is challenging the Russian Federation and the Russian Federation is challenging the dollar. Siluanov said this in an interview with the TV channel. CGTN.
“Therefore, we are looking for reliable alternative solution mechanisms between exporters and importers so that they are convenient, reliable and beneficial for the participants in the foreign economic activity of our countries,” he said.
Earlier Anton Siluanov, Russia’s budget system is is stable. The Minister noted that inflation in the Russian economy has decreased and the ruble exchange rate has stabilized.
Prior to that, Pavel Samiev, CEO of the BusinessDrom analytical agency, said that the Bank of Russia (CB) could start gradually. to reduce key rate within six months. But that will happen when inflation drops to 4% and nothing will put pressure on the ruble rate.
On February 24, 2022, Russian President Vladimir Putin announced that he had decided to organize a special military operation in Ukraine in response to a request for help from the heads of the Lugansk and Donetsk People’s Republics (LPR and DPR).
The decision to run the operation became the justification for new sanctions against Russia by the United States and its allies.