Russian central bank spends around $6bn in past 10 days to defend rouble: Nabiullina

13 Oct, 2014

MOSCOW: Russia's central bank has spent around $6 billion defending the rouble in the past 10 days, the central bank's Governor Elvira Nabiullina said on Monday.

Nabiullina added that the situation on the currency market was under control.

The rouble has weakened around 18 percent against the dollar so far this year, pressured by falling oil prices, dollar strength and risk aversion to Russian assets due to Western sanctions over the Ukraine crisis.

Copyright Reuters, 2014

Read Comments