Tuesday, June 30, 2015

The Ministry of Finance estimated the impact of the Greek crisis on the Russian economy – RBC

The situation around Greece will have an impact on the Russian market, says Deputy Finance Minister Maxim Oreshkin. “In the current situation Russia will influence, but will be highly limited,” – quoted by Interfax Oreshkin.

According to the official, while Russian markets react poorly to the situation in Greece. “If you do not know that in Greece something happens, then yesterday’s events in the Russian market could not be said that something serious impact”, – said the deputy minister.

He said that the day before there was a small lower oil prices and a small volatility in the currency markets. “The only serious thing affected by this situation – this decline in European markets, and is 3-4%. In general we can say that the situation differs radically from the past times, when the expansion of the Greek credit spreads led to a serious impact on all credit markets. Now it’s more a matter of internal affairs of the EU than a global impact on all financial markets, “- said Oreshkin.

According to him, the situation in Greece may increase uncertainty in the markets. “The volatility of the world markets and will be transmitted to the domestic market, but to a much lesser extent. With regard to the Greek situation, as it will affect Russia – hard to say, the development of the Greek financial issues can indeed lead to some volatility in the market, and it should be ready “- quoted Oreshkin Tass.

Deputy Minister of Finance noted that now governments and central banks, it is important to maintain reserves.

Before the press-secretary of the President of Russia, Dmitry Peskov, said Moscow is concerned about possible negative consequences that the situation in Greece may have on the economy of the entire European Union.

Tuesday, June 30 Greece must repay the IMF € 1,6 billion. Otherwise, the country will default. At the same time on June 30 completed the program aid to Athens in the amount of € 245 billion. According to the source The Wall Street Journal in the government of Greece, Athens pay the debt to the IMF will not. IMF chief Christine Lagarde warned earlier that a timely report on the non-payment of Fund’s Executive Board.

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