© Reuters. FILE PHOTO: An image illustration of U.S. greenback, Swiss Franc, British pound and Euro financial institution notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel/File Picture
MOSCOW (Reuters) – Russia’s finance ministry stated on Thursday that it was halting purchases of international foreign money and gold for this yr as a part of a suspension of components of its fiscal rule regarding the usage of further oil and fuel revenues.
Below a rule adopted in 2017, Russia buys international foreign money when oil costs are excessive and sells when costs go under $44 per barrel, shielding the rouble from oil value swings.
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