FX purchases had been suspended last August due to volatility in the ruble Russia’s Finance Ministry has announced the volume of the first purchases of foreign currency under the country’s budget rule after a hiatus since last August, according to a press release on Monday. The Russian central bank announced in August 2023 that it would suspend purchases of foreign currency until the end of the year in order to avoid exacerbating weakness in the ruble. The regulator said it would resume buying and selling foreign currency through its sovereign wealth fund in 2024 insofar as conditions in financial markets would al
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