` Russian Finance Ministry and Federal Treasury suspends operations to buy `Foreign Currency’ for Reserve Fund’

#AceWorldNews says the Russian Finance Ministry and the Federal Treasury have stopped operations to buy foreign currency on the inner market for the country’s Reserve Fund.

The decision was prompted by high volatility on financial markets, the ministry said.

It planned to spend 212.2 billion rubles ($5.8 billion) for this purpose from the federal budget’s additional oil and gas revenues for 2013. So far, 38 billion rubles have been reportedly spent to buy foreign currency.

RT and #ANS2014

#federal-treasury, #foreign-currency, #reserve-fund, #rt-news, #russian-finance-ministry