JRL NEWSWATCH: “Russia to resume forex purchases after sanctions hiatus; Moscow will spend Rbs265.8bn between next Tuesday and early February” – Financial Times/ Max Seddon

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“Russia’s finance ministry said it is resuming foreign currency purchases on open markets after fears over U.S. sanctions saw it halt them last year to head off a slide in the rouble rate. … Rbs265.8bn … next Tuesday and February 6, the ministry said in a statement on Friday. … the first since the central bank … stopped them in August when a new sanctions bill in the U.S. Senate saw the rouble devalue sharply. … The Kremlin is also attempting to head off the effect of U.S. sanctions by reducing its dollar reserves. …”Central Bank of Russia file photo

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