(1) The government's measures to rescue the market have achieved results.
In response to the sharp devaluation of the ruble, Russian Prime Minister Dmitry Medvedev held two meetings on the financial and economic situation on June 16 and June 17, and adopted measures including selling 7 billion dollars of foreign exchange surplus funds to the market, providing more foreign exchange to Russian financial institutions, and appropriately increasing the limit and frequency of bond repurchase as needed. At the same time, the Russian central bank also provides incentives to encourage financial institutions to issue loans.
The Russian government's rescue measures have achieved remarkable results, and the ruble exchange rate of Moscow Stock Exchange rebounded sharply at 17. During the peak period, 1 US dollar can be exchanged for 60.25 rubles, and 1 Euro can be exchanged for 74.6 rubles, which is significantly higher than the previous trading day. Analysts pointed out that Russia has rich experience and market means to cope with exchange rate fluctuations and tense economic situation, and Russia's huge foreign exchange reserves are also the guarantee to support Russian economic operation.
occidental
(2) sanctions against Russia have also hurt themselves.
On the occasion of the plunge in oil prices and the ruble, the White House announced on June 16 that Obama is expected to sign a bill on additional sanctions against Russia this week, which will impose new sanctions on Gazprom and Russian defense export companies and provide weapons and equipment to Ukraine. This move by the United States is undoubtedly another knife to the Russian economy that has been hit hard, and it is directed at the key point. However, analysts also said that Europe and the United States also encountered "sequelae" in the rounds of sanctions against Russia this year.
(3) China
The local currency swap agreement is not affected.
In view of the large fluctuation of the ruble exchange rate, Qin Gang, spokesman of the Ministry of Foreign Affairs of China, said at the regular press conference on June 5438+08 that China had noticed the recent fluctuation of the ruble exchange rate and the measures taken by the Russian government to stabilize the foreign exchange market. Russia is rich in foreign exchange reserves, and the ratio of public debt to GDP is relatively low among G20 countries. In addition, Russia has abundant resources and a good industrial base. We believe that Russia has the ability to overcome the current temporary difficulties.
On the same day, a reporter asked whether the local currency swap agreement between the ruble and the RMB would be affected and whether China would make adjustments. How will Sino-Russian energy and economic and trade cooperation be affected? Qin Gang said that any currency swap has the problem of exchange rate fluctuation. Bilateral currency swap agreements between countries usually consider and formulate terms and mechanisms including exchange rate adjustment. The Sino-Russian bilateral currency swap agreement was signed in accordance with international practice, and this agreement has not been affected at present.
Thanks for adoption