Russia says rouble appreciations poses no menace to fiscal coverage By Reuters

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© Reuters. FILE PHOTO: Russian rouble coin is seen on this illustration taken April 7, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) – The current sharp strengthening of the rouble “doesn’t pose a danger to Russia’s fiscal coverage,” the finance ministry mentioned on Thursday.

The rouble firmed sharply in Moscow commerce on Thursday to ranges final seen earlier than Russia despatched tens of 1000’s of troopers to Ukraine.

The appreciation of the rouble “impacts oil and gasoline revenues … nevertheless it’s too early to offer any particular evaluation now,” the ministry mentioned in response to a Reuters request for remark.

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