The Russian Finance Ministry will reserve additional budget income if the oil prices rise above $50 per barrel in order to avoid the ruble rapidly strengthening, the Finance Minister Anton Siluanov said.
"We are not interesting in strengthening the exchange rate. In general, in a medium term perspective, there is a clear understanding that if oil prices exceed $50, we will need to place additional income in reserves, thus avoiding a sharp exchange rate strengthening, as it happened a while ago," TASS cited Siluanov as saying.
