03:04 GMT +316 November 2019
Listen Live
    Finance Minister Anton Siluanov

    US Federal Reserve Hike May Influence Russian Budget - Finance Minister

    © Sputnik / Vladimir Fedorenko
    Russia
    Get short URL
    0 24
    Subscribe

    Finance Minister said that Russian budget may be indirectly affected by the US Federal Reserve’s hike in annual rates, but the Russian government is prepared to react appropriately on any negative changes.

    MOSCOW (Sputnik) – The Russian budget may be indirectly affected by the US Federal Reserve’s hike in annual rates, but the Russian government is prepared to react appropriately on any negative changes, Russian Finance Minister Anton Siluanov said Thursday.

    “We see that the change in the rates have basically have not affected our currency exchange rate, but changes could influence the situation with the budget,” Siluanov said.

    “The Russian budget is influenced indirectly over the price on oil, which has fallen slightly today,” Siluanov added.

    Related:

    Russian Finance Minister Forecasts Budget Deficit Below 3% of GDP in 2016
    Putin Adopts Russia’s 2016 Budget With 3% Deficit
    Tags:
    budget, Federal Reserve System, Anton Siluanov, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik