Stabilization as a result of sterilization

Experts Minfin estimated sensitivity of a ruble exchange rate to prices of oil under different conditions of Operation of Central bank Russian Federation (Bank Russia) within the budgetary rule allow to stabilize a ruble exchange rate and to reduce its dependence on volatility of the oil prices, approves Minfin. Without the budgetary rule the oil rise in price sharply would strengthen ruble and vice versa In Minfin estimated sensitivity of a ruble exchange rate to prices of oil at application of the budgetary rule and without it. Operations of Central bank Russian Federation (Bank Russia) from a name Minfin on purchase currencies at the additional oil and gas income and it to sale at the half-received income "will sterilize influence...