The Ministry of Energy of the Russian Federation denied statements by economist Mikhail Zadornov, former head of the Ministry of Finance, that the rupees in the accounts could be one of the reasons for the weakening of the ruble. This has been reported TASS.
The ministry stressed that the problems in converting rupees do not reflect the real situation, as oil companies return most of their revenues in foreign currency.
“Oil companies return most of their foreign currency earnings from Russia, regardless of the currency of the payment. The Ministry of Energy said in a statement that the delays were not systematic.
Before that, the economist Zadornov aforementionedIt is stated that one of the reasons for the weakening of the ruble may be the Indian rupees “hung” in the Russian Federation.
According to him, in the first half of the year, Russia supplied oil and petroleum products worth 30 billion dollars to India, while imports from India to Russia are estimated to be around 6-7 billion dollars per year.
Previously recognizedhow the weakening of the ruble will affect the state of the economy.